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Williams Companies, Inc. (The) $WMB Position Raised by Mirae Asset Global Investments Co. Ltd.

Williams Companies logo with Energy background

Key Points

  • Mirae Asset Global Investments Co. Ltd. increased its position in Williams Companies by 14.2% in Q2, owning 168,096 shares valued at approximately $10.56 million.
  • Williams Companies reported a Q2 EPS of $0.46, missing estimates by $0.03, with revenue of $2.78 billion, below the expected $2.90 billion.
  • The company announced a quarterly dividend of $0.50 per share, reflecting an annualized dividend yield of 3.1%.
  • Interested in Williams Companies? Here are five stocks we like better.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 168,096 shares of the pipeline company's stock after purchasing an additional 20,859 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Williams Companies were worth $10,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in Williams Companies in the first quarter worth about $25,000. HWG Holdings LP acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new stake in Williams Companies during the first quarter worth approximately $29,000. Iron Horse Wealth Management LLC grew its position in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock worth $30,000 after buying an additional 494 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Williams Companies in the first quarter valued at $32,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Trading Up 0.8%

NYSE WMB opened at $64.54 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 1-year low of $48.41 and a 1-year high of $65.55. The firm's fifty day simple moving average is $59.14 and its 200-day simple moving average is $58.96. The company has a market capitalization of $78.70 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS 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 firm had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter last year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were paid a $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Williams Companies's payout ratio is 100.50%.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total transaction of $115,240.00. Following the transaction, the senior vice president directly owned 311,645 shares of the company's stock, valued at $17,956,984.90. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the firm'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 transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $497,715 over the last three months. Insiders own 0.44% of the company's stock.

Analyst Ratings Changes

WMB has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Williams Companies from $74.00 to $78.00 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Williams Companies in a research note on Saturday, September 27th. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Argus restated a "buy" rating and set a $66.00 price target on shares of Williams Companies in a report on Thursday, August 14th. Finally, Scotiabank raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $65.53.

Check Out Our Latest Stock Analysis on WMB

Williams Companies Profile

(Free Report)

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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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