BROOKFIELD Corp ON Decreases Stock Position in Williams Companies, Inc. (The) $WMB

Key Points

• BROOKFIELD Corp ON has decreased its shareholding in Williams Companies, Inc. by 14.4%, now owning approximately $247.61 million worth of the company, ranking it as the 10th largest holding in their portfolio.
• Williams Companies reported a miss on earnings, with $0.46 EPS against an expectation of $0.49, and revenue of $2.78 billion, falling short of the $2.90 billion consensus estimate.
• The company announced a quarterly dividend of $0.50 per share, which results in a 3.4% dividend yield, although the dividend payout ratio is currently over 100%.

BROOKFIELD Corp ON trimmed its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 14.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,143,456 shares of the pipeline company's stock after selling 696,090 shares during the period. Williams Companies comprises 1.4% of BROOKFIELD Corp ON's investment portfolio, making the stock its 10th biggest position. BROOKFIELD Corp ON owned approximately 0.34% of Williams Companies worth $247,613,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Williams Companies by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company's stock worth $7,838,312,000 after purchasing an additional 807,019 shares in the last quarter. Wellington Management Group LLP grew its position in Williams Companies by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 29,624,104 shares of the pipeline company's stock worth $1,770,336,000 after purchasing an additional 1,680,477 shares in the last quarter. Deutsche Bank AG grew its position in Williams Companies by 5.6% in the 1st quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company's stock worth $1,047,025,000 after purchasing an additional 932,998 shares in the last quarter. Northern Trust Corp grew its position in Williams Companies by 0.4% in the 1st quarter. Northern Trust Corp now owns 15,291,842 shares of the pipeline company's stock worth $913,840,000 after purchasing an additional 54,902 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Williams Companies by 45.0% in 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 in the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

Shares of WMB stock traded down $0.49 during trading on Friday, reaching $58.84. 5,630,379 shares of the company's stock traded hands, compared to its average volume of 5,478,224. The company has a market capitalization of $71.75 billion, a P/E ratio of 29.57, a PEG ratio of 1.96 and a beta of 0.65. 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 firm's 50-day moving average is $58.05 and its 200 day moving average is $58.44. Williams Companies, Inc. has a 1 year low of $44.51 and a 1 year high of $63.45.

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

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 12th. Williams Companies's dividend payout ratio is 100.50%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a "buy" rating and a $67.00 target price on the stock. Finally, Barclays boosted their target price on shares of Williams Companies from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.86.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president owned 311,645 shares of the company's stock, valued at approximately $17,956,984.90. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $623,115 in the last ninety days. 0.44% of the stock is currently owned by insiders.

About Williams Companies

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.