Korea Investment CORP Boosts Stake in Williams Companies, Inc. (The) $WMB

Key Points

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Korea Investment CORP lifted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 984,587 shares of the pipeline company's stock after purchasing an additional 65,662 shares during the quarter. Korea Investment CORP owned about 0.08% of Williams Companies worth $58,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of 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. Blackstone Inc. lifted its position in Williams Companies by 36.5% in the 4th quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock valued at $1,025,795,000 after acquiring an additional 5,068,738 shares in the last quarter. Deutsche Bank AG lifted 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 valued at $1,047,025,000 after acquiring an additional 932,998 shares in the last quarter. Northern Trust Corp lifted 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 valued at $913,840,000 after acquiring an additional 54,902 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 valued at $677,623,000 after acquiring an additional 3,519,370 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

WMB traded down $0.8110 during mid-day trading on Friday, reaching $56.9890. 4,663,233 shares of the company traded hands, compared to its average volume of 7,711,600. The stock has a market capitalization of $69.49 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.91 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The company's fifty day moving average price is $58.81 and its 200-day moving average price is $58.30. Williams Companies, Inc. has a 52-week low of $43.98 and a 52-week 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 for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). The company 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%. Williams Companies's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMB shares. TD Cowen started coverage on Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 price objective on the stock. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Cibc World Mkts raised Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Argus reaffirmed a "buy" rating and issued a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Finally, 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. 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 company's stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.86.

Insider Buying and Selling at Williams Companies

In other news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's 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 completion of the sale, the senior vice president 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 disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock valued at $507,875 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Williams Companies Company 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.