MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 573,383 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Williams Companies by 13.3%, acquiring an additional 573,383 shares, making it a significant part of its investment portfolio.
• The company reported a quarterly earnings per share (EPS) of $0.46, missing estimates of $0.49, while also projecting FY 2025 EPS guidance in the range of 2.010-2.190.
• A quarterly dividend of $0.50 per share has been announced, translating to an annual yield of 3.5%, to be paid on September 29th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 13.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,886,440 shares of the pipeline company's stock after purchasing an additional 573,383 shares during the quarter. Williams Companies comprises 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 26th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.40% of Williams Companies worth $292,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WMB. Brighton Jones LLC boosted its position in Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after purchasing an additional 3,969 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Williams Companies during the fourth quarter worth approximately $792,000. Centiva Capital LP acquired a new position in shares of Williams Companies during the fourth quarter worth approximately $986,000. Crestline Management LP lifted its holdings in shares of Williams Companies by 131.1% during the fourth quarter. Crestline Management LP now owns 13,189 shares of the pipeline company's stock worth $714,000 after buying an additional 7,483 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Williams Companies by 21.2% during the fourth quarter. CoreCap Advisors LLC now owns 17,181 shares of the pipeline company's stock worth $930,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 86.44% of the company's stock.

Williams Companies Price Performance

NYSE:WMB traded down $0.44 during trading hours on Friday, reaching $57.14. The company had a trading volume of 8,344,809 shares, compared to its average volume of 5,864,175. The stock has a 50-day moving average of $58.17 and a two-hundred day moving average of $58.39. Williams Companies, Inc. has a one year low of $43.98 and a one year high of $63.45. The firm has a market capitalization of $69.68 billion, a PE ratio of 28.71, a PEG ratio of 1.91 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly 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 net margin of 21.63% and a return on equity of 16.23%. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.43 earnings per share. The business'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. Analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, September 12th. Williams Companies's dividend payout ratio is 100.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WMB shares. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. TD Cowen initiated coverage on Williams Companies in a report on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. Argus restated a "buy" rating and issued a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Wells Fargo & Company upped their target price on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Barclays upped their target price on Williams Companies from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. One 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.86.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction 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 directly owned 313,645 shares in the company, valued at $18,718,333.60. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock worth $507,875 over the last quarter. Company insiders own 0.44% of the company's stock.

Williams Companies Company 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.