Williams Companies, Inc. (The) $WMB Shares Sold by Jain Global LLC

Jain Global LLC reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 89.2% in the third quarter, HoldingsChannel reports. The fund owned 155,106 shares of the pipeline company’s stock after selling 1,281,824 shares during the quarter. Jain Global LLC’s holdings in Williams Companies were worth $9,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Williams Companies by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,540,556 shares of the pipeline company’s stock worth $287,644,000 after purchasing an additional 134,777 shares during the period. World Investment Advisors increased its position in shares of Williams Companies by 185.6% during the 3rd quarter. World Investment Advisors now owns 43,069 shares of the pipeline company’s stock valued at $2,728,000 after purchasing an additional 27,987 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Williams Companies by 9.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,123 shares of the pipeline company’s stock worth $11,664,000 after buying an additional 16,027 shares in the last quarter. Compass Wealth Management LLC lifted its holdings in shares of Williams Companies by 75.9% in the third quarter. Compass Wealth Management LLC now owns 125,290 shares of the pipeline company’s stock valued at $7,937,000 after buying an additional 54,057 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its holdings in shares of Williams Companies by 3,344.8% in the third quarter. Atlantic Union Bankshares Corp now owns 17,465 shares of the pipeline company’s stock valued at $1,106,000 after buying an additional 16,958 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $73.88 on Tuesday. Williams Companies, Inc. has a 1-year low of $51.58 and a 1-year high of $76.87. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 1.26 and a beta of 0.63. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The stock’s fifty day simple moving average is $68.54 and its 200-day simple moving average is $63.17.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). Williams Companies had a net margin of 21.90% and a return on equity of 17.32%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, sell-side analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be paid a dividend of $0.525 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, March 13th. Williams Companies’s dividend payout ratio is presently 98.13%.

Wall Street Analyst Weigh In

WMB has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on Williams Companies from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Monday, December 29th. Scotiabank upgraded shares of Williams Companies from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $66.00 to $84.00 in a research report on Friday, February 13th. Royal Bank Of Canada boosted their target price on shares of Williams Companies from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Citigroup increased their target price on shares of Williams Companies from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $76.50.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 27,000 shares of Williams Companies stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the sale, the senior vice president owned 293,159 shares in the company, valued at $21,377,154.28. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 10,107 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $74.91, for a total transaction of $757,115.37. Following the completion of the transaction, the chief accounting officer directly owned 17,230 shares of the company’s stock, valued at $1,290,699.30. This trade represents a 36.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,471 shares of company stock worth $3,557,023 over the last three months. Company insiders own 0.44% of the company’s stock.

Williams Companies 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.