Resona Asset Management Co. Ltd. Lowers Stock Holdings in Williams Companies, Inc. (The) $WMB

Resona Asset Management Co. Ltd. lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 438,038 shares of the pipeline company’s stock after selling 17,391 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Williams Companies were worth $27,791,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Private Wealth Management Group LLC increased its stake in Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 240 shares during the last quarter. Hartford Funds Management Co LLC purchased a new stake in Williams Companies in the 2nd quarter valued at about $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Williams Companies during the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies during the 2nd quarter worth about $35,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Williams Companies in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president directly owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 2.0%

NYSE:WMB opened at $64.97 on Friday. The business’s 50-day moving average is $60.46 and its two-hundred day moving average is $59.80. The firm has a market capitalization of $79.35 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company earned $0.43 EPS. Williams Companies’s quarterly revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Analyst Upgrades and Downgrades

WMB has been the subject of several research analyst reports. Citigroup upped their price target on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. The Goldman Sachs Group upped their price objective on Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. TD Cowen lifted their target price on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. UBS Group reissued a “buy” rating on shares of Williams Companies in a research report on Monday, January 12th. Finally, Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Moderate Buy” and a consensus price target of $68.29.

Williams Companies Company Profile

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.