Williams Companies, Inc. (The) $WMB Stake Increased by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Williams Companies by 362.5%, acquiring an additional 1,149,045 shares, resulting in ownership of 1,465,991 shares, which constitutes approximately 1.3% of its investment portfolio.
• Williams Companies reported $0.46 earnings per share for the last quarter, missing the consensus estimate of $0.49, and had revenue of $2.78 billion, below analysts' expectations of $2.90 billion.
• The company announced a quarterly dividend of $0.50 per share, with a yield of 3.5%, and a payout ratio currently at 100.50%.

Cbre Investment Management Listed Real Assets LLC lifted its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 362.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,465,991 shares of the pipeline company's stock after purchasing an additional 1,149,045 shares during the period. Williams Companies comprises about 1.3% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 22nd biggest holding. Cbre Investment Management Listed Real Assets LLC owned about 0.12% of Williams Companies worth $87,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Menard Financial Group LLC acquired a new stake in shares of Williams Companies in the fourth quarter valued at about $26,000. HWG Holdings LP purchased a new stake in Williams Companies during the first quarter worth about $26,000. Iron Horse Wealth Management LLC lifted its position in shares of Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after purchasing an additional 494 shares in the last quarter. Abound Financial LLC purchased a new position in shares of Williams Companies in the first quarter valued at approximately $32,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Williams Companies in the first quarter valued at approximately $32,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent analyst reports. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Scotiabank increased their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Barclays lifted their price objective 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. Argus reiterated a "buy" rating and set a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Finally, Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.86.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the sale, the senior vice president directly owned 313,645 shares of the company's stock, valued at $18,718,333.60. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares of the company's stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,500 shares of company stock valued at $507,875. 0.44% of the stock is owned by company insiders.

Williams Companies Trading Up 0.5%

NYSE:WMB traded up $0.31 on Tuesday, hitting $57.14. 9,560,543 shares of the stock were exchanged, compared to its average volume of 6,789,403. The stock has a market cap of $69.68 billion, a PE ratio of 29.00, a PEG ratio of 1.90 and a beta of 0.66. 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 stock has a fifty day moving average of $58.71 and a 200-day moving average of $58.35. Williams Companies, Inc. has a fifty-two week low of $43.98 and a fifty-two week 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $0.43 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

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.