UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,792,629 shares of the pipeline company's stock after selling 128,884 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.72% of Williams Companies worth $653,644,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. New Mexico Educational Retirement Board increased its holdings in shares of Williams Companies by 7.8% during the second quarter. New Mexico Educational Retirement Board now owns 60,828 shares of the pipeline company's stock valued at $4,522,000 after acquiring an additional 4,400 shares in the last quarter. Mufg Securities Americas Inc. raised its holdings in Williams Companies by 9.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 36,835 shares of the pipeline company's stock worth $2,738,000 after purchasing an additional 3,043 shares during the period. Van ECK Associates Corp boosted its stake in Williams Companies by 24.6% during the 2nd quarter. Van ECK Associates Corp now owns 790,281 shares of the pipeline company's stock worth $58,749,000 after purchasing an additional 156,183 shares during the last quarter. Chapin Davis Inc. boosted its position in shares of Williams Companies by 1.7% during the 2nd quarter. Chapin Davis Inc. now owns 11,885 shares of the pipeline company's stock valued at $884,000 after acquiring an additional 203 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Williams Companies by 11.6% during the 2nd quarter. Hsbc Holdings PLC now owns 2,611,216 shares of the pipeline company's stock valued at $194,429,000 after buying an additional 272,250 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, SVP Terrance Lane Wilson sold 13,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the sale, the senior vice president directly owned 268,159 shares in the company, valued at $20,077,064.33. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over 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.
Analyst Ratings Changes
WMB has been the topic of a number of research reports. Canadian Imperial Bank of Commerce upped their price target on Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a research note on Tuesday, May 26th. Scotiabank upped their price target on Williams Companies from $85.00 to $86.00 and gave the company a "sector outperform" rating in a report on Tuesday, May 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of Williams Companies in a research note on Wednesday, June 24th. Truist Financial raised their target price on shares of Williams Companies from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley lifted their price objective on Williams Companies from $99.00 to $103.00 and gave the company an "overweight" rating in a report on Tuesday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $85.60.
Get Our Latest Stock Analysis on Williams Companies
Williams Companies Trading Down 0.6%
NYSE WMB opened at $73.75 on Friday. Williams Companies, Inc. has a one year low of $56.08 and a one year high of $80.07. The firm has a market capitalization of $90.21 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.54 and a beta of 0.58. 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's 50 day moving average price is $73.46 and its 200 day moving average price is $73.33.
Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned $0.46 EPS. Williams Companies's quarterly revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, sell-side analysts predict that Williams Companies, Inc. will post 2.45 EPS for the current year.
Williams Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio is 83.67%.
Williams Companies Company Profile
(
Free Report)
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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