Meeder Asset Management Inc. Sells 56,155 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Meeder Asset Management cut its Williams Companies stake by 98.4% in the second quarter, selling 56,155 shares and retaining 940 shares worth approximately $70,000. Institutional investors overall own 86.44% of the company.
• Williams reported quarterly earnings of $0.50 per share, matching estimates, while revenue rose 9.8% year over year to $3.05 billion, exceeding expectations. The stock opened at $71.86, below its recent moving averages.
• The company declared a quarterly dividend of $0.525 per share, equivalent to an annualized $2.10 dividend and a 2.9% yield. Analysts maintain a consensus “Buy” rating with an average price target of $85.60.

Meeder Asset Management Inc. lessened its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 98.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 940 shares of the pipeline company's stock after selling 56,155 shares during the period. Meeder Asset Management Inc.'s holdings in Williams Companies were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Williams Companies during the fourth quarter worth about $747,749,000. BROOKFIELD Corp ON lifted its holdings in Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company's stock worth $755,490,000 after purchasing an additional 7,884,730 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Williams Companies in the 2nd quarter worth approximately $354,184,000. Clearbridge Investments LLC grew its holdings in Williams Companies by 21.3% during the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company's stock valued at $1,281,875,000 after buying an additional 3,748,126 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Williams Companies by 295.7% during the 4th quarter. Victory Capital Management Inc. now owns 4,446,915 shares of the pipeline company's stock valued at $268,723,000 after buying an additional 3,323,012 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 1.9%

NYSE WMB opened at $71.86 on Friday. The stock has a 50 day moving average price of $73.40 and a 200-day moving average price of $73.15. Williams Companies, Inc. has a one year low of $56.08 and a one year high of $80.07. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. The company has a market capitalization of $87.90 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.51 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. Williams Companies's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, equities analysts predict that Williams Companies, Inc. will post 2.48 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be issued a $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies's payout ratio is 83.67%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $74.87, for a total transaction of $973,310.00. Following the sale, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 17,000 shares of company stock valued at $1,262,930. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WMB shares. TD Cowen lifted their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Royal Bank Of Canada raised their target price on shares of Williams Companies from $83.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. UBS Group reiterated a "buy" rating on shares of Williams Companies in a report on Tuesday, July 14th. Jefferies Financial Group decreased their price target on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Finally, Barclays raised their price objective on Williams Companies from $73.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Williams Companies currently has an average rating of "Buy" and a consensus target price of $85.60.

Williams Companies Company Profile

Williams Companies, Inc NYSE: WMB is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.

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