Resolution Capital Ltd Sells 26,072 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Resolution Capital Ltd reduced its holdings in Williams Companies, Inc. by 49.4%, selling 26,072 shares, leaving them with 26,745 shares valued at approximately $1.6 million.
• Institutional investors hold about 86.44% of Williams Companies stock, with notable hedge fund activity including Nuveen LLC's new position worth $335.4 million.
• Williams Companies announced a quarterly dividend of $0.50 per share, with the dividend yield at 3.5%, while also reporting earnings that fell short of estimates at $0.46 per share.

Resolution Capital Ltd trimmed its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 49.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,745 shares of the pipeline company's stock after selling 26,072 shares during the period. Resolution Capital Ltd's holdings in Williams Companies were worth $1,598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. Nuveen LLC bought a new position in shares of Williams Companies during the 1st quarter worth about $335,419,000. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 3,519,370 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Williams Companies by 34.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,287,921 shares of the pipeline company's stock worth $674,566,000 after acquiring an additional 2,861,988 shares during the period. GAMMA Investing LLC lifted its holdings in shares of 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 worth $133,772,000 after acquiring an additional 2,204,090 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings 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 during the period. 86.44% of the stock is owned by institutional investors.

Insider Transactions at Williams Companies

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

Analyst Ratings Changes

WMB has been the subject of several analyst reports. Argus reissued a "buy" rating and set a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Scotiabank lifted their price target on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, July 15th. Wells Fargo & Company lifted 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. Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. Finally, TD Cowen initiated coverage on shares of Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. One equities research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $62.86.

Williams Companies Trading Down 0.8%

Shares of NYSE WMB opened at $57.14 on Friday. Williams Companies, Inc. has a 1-year low of $43.98 and a 1-year high of $63.45. The company has a market cap of $69.68 billion, a PE ratio of 28.71, a P/E/G ratio of 1.92 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 company has a 50-day moving average of $58.17 and a two-hundred day moving average of $58.39.

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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company's 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 business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Williams Companies's payout ratio is currently 100.50%.

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.

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