Banque Transatlantique SA Invests $1.18 Million in Williams Companies, Inc. (The) $WMB

Key Points

• Banque Transatlantique SA has acquired 21,295 shares of Williams Companies, Inc., valued at approximately $1.176 million, marking a new investment position in the company.
• Several large investors have increased their positions in Williams Companies, with overall institutional investors and hedge funds owning 86.44% of the company's stock.
• Analysts have set new price targets for Williams Companies, with Wells Fargo raising its target from $67.00 to $70.00 and maintaining an "overweight" rating.

Banque Transatlantique SA purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,295 shares of the pipeline company's stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Williams Companies in the first quarter valued at $335,419,000. Goldman Sachs Group Inc. raised its position in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company's stock worth $677,623,000 after purchasing an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. grew its holdings in Williams Companies by 34.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company's stock worth $674,566,000 after buying an additional 2,861,988 shares in the last quarter. GAMMA Investing LLC boosted its stake in Williams Companies by 6,407.2% during the 1st quarter. GAMMA Investing LLC now owns 2,238,490 shares of the pipeline company's stock valued at $133,772,000 after purchasing an additional 2,204,090 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Williams Companies by 42.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,458,270 shares of the pipeline company's stock worth $349,522,000 after acquiring an additional 1,920,189 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Price Performance

Shares of WMB traded down $0.27 during mid-day trading on Monday, reaching $56.93. 4,420,018 shares of the stock traded hands, compared to its average volume of 7,615,531. The firm has a fifty day moving average price of $58.17 and a 200 day moving average price of $58.39. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. The company has a market cap of $69.41 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. Williams Companies, Inc. has a 1 year low of $43.98 and a 1 year high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm's revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is 100.50%.

Analysts Set New Price Targets

Several research firms have weighed in on WMB. CIBC upgraded Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price on the stock in a report on Friday, August 15th. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a research report on Tuesday, July 15th. Argus reissued a "buy" rating and issued a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Barclays boosted their price target on shares of Williams Companies from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company increased their price target on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Williams Companies presently has an average rating of "Moderate Buy" and a consensus target price of $62.86.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the sale, the senior vice president directly owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer directly owned 77,612 shares of the company's stock, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,500 shares of company stock valued at $623,115. Corporate insiders own 0.44% of the company's stock.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.