Geode Capital Management LLC Has $1.71 Billion Stake in Williams Companies, Inc. (The) $WMB

Geode Capital Management LLC decreased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,628,767 shares of the pipeline company’s stock after selling 518,441 shares during the period. Geode Capital Management LLC’s holdings in Williams Companies were worth $1,713,414,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BROOKFIELD Corp ON grew its holdings in Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after buying an additional 7,884,730 shares during the last quarter. Wellington Management Group LLP grew its holdings in Williams Companies by 15.9% in the 3rd quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after buying an additional 6,668,950 shares during the last quarter. SG Americas Securities LLC grew its holdings in Williams Companies by 4,992.2% in the 4th quarter. SG Americas Securities LLC now owns 3,704,739 shares of the pipeline company’s stock valued at $222,692,000 after buying an additional 3,631,986 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Williams Companies by 30.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,073,602 shares of the pipeline company’s stock valued at $574,856,000 after buying an additional 2,116,526 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Williams Companies by 27.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,753,924 shares of the pipeline company’s stock valued at $491,225,000 after buying an additional 1,668,706 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $73.10 on Friday. Williams Companies, Inc. has a 1-year low of $55.82 and a 1-year high of $80.07. The firm has a market capitalization of $89.30 billion, a PE ratio of 32.06, a PEG ratio of 1.28 and a beta of 0.61. The business’s 50 day moving average is $73.79 and its 200-day moving average is $68.00. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm earned $0.60 EPS. Williams Companies’s revenue for the quarter was down .6% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Sell-side analysts predict that Williams Companies, Inc. will post 2.46 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is presently 92.11%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMB. Truist Financial began coverage on Williams Companies in a report on Tuesday, March 24th. They issued a “buy” rating and a $84.00 target price on the stock. Wall Street Zen raised Williams Companies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. Morgan Stanley raised their target price on Williams Companies from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. TD Cowen raised their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $82.40.

Insider Activity at Williams Companies

In other news, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the sale, the senior vice president owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $76.35, for a total value of $152,700.00. Following the sale, the senior vice president directly owned 287,159 shares in the company, valued at $21,924,589.65. The trade was a 0.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 80,762 shares of company stock worth $6,088,112 in the last three months. Company insiders own 0.47% 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.