Van Lanschot Kempen Investment Management N.V. Purchases 46,240 Shares of Williams Companies, Inc. (The) $WMB

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 501,198 shares of the pipeline company's stock after acquiring an additional 46,240 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Williams Companies were worth $29,952,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Williams Companies by 1.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock valued at $34,489,000 after purchasing an additional 6,816 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Williams Companies by 27.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock valued at $24,081,000 after purchasing an additional 87,031 shares during the period. Kessler Investment Group LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at $327,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Williams Companies by 14.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company's stock valued at $5,130,000 after purchasing an additional 10,561 shares during the period. Finally, Good Steward Wealth Advisors LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at $977,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The sale 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 that occurred 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 sale, the senior vice president owned 313,645 shares in the company, 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. In the last quarter, insiders have sold 8,500 shares of company stock worth $507,875. Company insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotiabank raised their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Argus restated a "buy" rating and set a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Wells Fargo & Company lifted their price target on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.86.

Williams Companies Stock Down 1.4%

Shares of WMB stock traded down $0.8110 on Friday, hitting $56.9890. 4,663,233 shares of the stock were exchanged, compared to its average volume of 7,711,600. 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 firm has a market capitalization of $69.49 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.91 and a beta of 0.66. The business has a 50-day moving average of $58.81 and a 200 day moving average of $58.30. Williams Companies, Inc. has a fifty-two week low of $43.98 and a fifty-two week high of $63.45.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts anticipate 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 dividend of $0.50 per share. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Williams Companies's dividend 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.