Williams Companies, Inc. (The) $WMB Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Williams Companies by 9.4%, holding approximately 1.56 million shares worth $98.28 million.
• Williams Companies reported a Q2 earnings per share of $0.46, missing analysts' expectations, and saw revenue of $2.78 billion compared to a forecast of $2.90 billion.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.2% dividend yield, with a payout ratio of 100.50%.

Nordea Investment Management AB boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,563,144 shares of the pipeline company's stock after buying an additional 134,220 shares during the period. Nordea Investment Management AB owned approximately 0.13% of Williams Companies worth $98,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. Flaharty Asset Management LLC purchased a new stake in Williams Companies in the 1st quarter valued at about $25,000. HWG Holdings LP purchased a new stake in Williams Companies in the 1st quarter valued at about $26,000. Saudi Central Bank purchased a new stake in Williams Companies in the 1st quarter valued at about $29,000. Iron Horse Wealth Management LLC raised its holdings in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after buying an additional 494 shares during the period. Finally, Abound Financial LLC purchased a new stake in Williams Companies in the 1st quarter valued at about $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.2%

WMB stock opened at $62.39 on Friday. The company's 50 day moving average price is $59.95 and its 200 day moving average price is $59.18. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. Williams Companies, Inc. has a fifty-two week low of $51.34 and a fifty-two week high of $65.55. The firm has a market capitalization of $76.08 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.08 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last released 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 firm had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm's quarterly 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. On average, equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, September 12th. Williams Companies's dividend payout ratio is presently 100.50%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price objective on the stock in a report on Friday, August 15th. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Jefferies Financial Group began coverage on shares of Williams Companies in a research note on Thursday, October 9th. They set a "buy" rating and a $72.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Williams Companies from $74.00 to $78.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.73.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock worth $497,715 over the last 90 days. Insiders own 0.44% of the company's stock.

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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