DNB Asset Management AS Purchases 8,230 Shares of Williams Companies, Inc. (The) $WMB

DNB Asset Management AS grew its stake in Williams Companies, Inc. (The) (NYSE:WMBFree Report) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 371,072 shares of the pipeline company’s stock after purchasing an additional 8,230 shares during the quarter. DNB Asset Management AS’s holdings in Williams Companies were worth $22,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. boosted its holdings in shares of Williams Companies by 0.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,611 shares of the pipeline company’s stock valued at $1,479,000 after purchasing an additional 158 shares during the last quarter. Towne Trust Company N.A boosted its holdings in shares of Williams Companies by 60.2% in the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 162 shares during the last quarter. Courier Capital LLC boosted its holdings in shares of Williams Companies by 0.3% in the 4th quarter. Courier Capital LLC now owns 47,466 shares of the pipeline company’s stock valued at $2,853,000 after purchasing an additional 162 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Williams Companies by 8.8% in the 3rd quarter. LRI Investments LLC now owns 2,169 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 176 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC boosted its holdings in shares of Williams Companies by 4.5% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 4,264 shares of the pipeline company’s stock valued at $256,000 after purchasing an additional 184 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Up 0.1%

NYSE WMB opened at $77.77 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.83 and a quick ratio of 0.76. The company’s 50 day simple moving average is $73.23 and its 200 day simple moving average is $66.73. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $78.24. The company has a market capitalization of $95.00 billion, a P/E ratio of 34.11, a PEG ratio of 1.32 and a beta of 0.61.

Williams Companies (NYSE:WMBGet Free Report) last released its earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Equities research analysts expect that Williams Companies, Inc. will post 2.37 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, June 12th. Williams Companies’s dividend payout ratio is currently 92.11%.

Key Headlines Impacting Williams Companies

Here are the key news stories impacting Williams Companies this week:

Analyst Ratings Changes

Several equities analysts recently weighed in on WMB shares. Zacks Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Citigroup lifted their target price on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a report on Friday, May 8th. UBS Group lifted their target price on shares of Williams Companies from $89.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Truist Financial started coverage on shares of Williams Companies in a report on Tuesday, March 24th. They set a “buy” rating and a $84.00 target price on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Williams Companies presently has an average rating of “Buy” and an average target price of $80.47.

Read Our Latest Research Report on WMB

Insider Transactions at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 10,107 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $74.91, for a total value of $757,115.37. Following the transaction, the chief accounting officer owned 17,230 shares in the company, valued at approximately $1,290,699.30. This represents a 36.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Todd J. Rinke sold 7,364 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total transaction of $547,807.96. Following the completion of the transaction, the senior vice president owned 26,055 shares in the company, valued at approximately $1,938,231.45. This represents a 22.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 115,369 shares of company stock worth $8,618,692. 0.47% of the stock is owned by company insiders.

About Williams Companies

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

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