NewEdge Advisors LLC Has $30.52 Million Holdings in Williams Companies, Inc. (The) $WMB

NewEdge Advisors LLC grew its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 74.9% in the 1st quarter, Holdings Channel reports. The fund owned 419,362 shares of the pipeline company’s stock after buying an additional 179,654 shares during the period. NewEdge Advisors LLC’s holdings in Williams Companies were worth $30,521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMB. Vanguard Group Inc. grew its holdings in shares of Williams Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock valued at $8,052,537,000 after purchasing an additional 883,245 shares during the last quarter. State Street Corp lifted its stake in Williams Companies by 1.9% in the 4th quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock valued at $4,086,344,000 after purchasing an additional 1,296,991 shares during the last quarter. Bank of America Corp DE boosted its position in Williams Companies by 4.8% in the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock valued at $2,768,298,000 after buying an additional 2,100,164 shares in the last quarter. Morgan Stanley grew its stake in shares of Williams Companies by 11.0% during the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock worth $2,018,017,000 after buying an additional 3,314,851 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Williams Companies by 21.3% during the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock worth $1,281,875,000 after buying an additional 3,748,126 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WMB shares. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus upped their target price on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research note on Wednesday, June 24th. Scotiabank boosted their price target on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a report on Tuesday, May 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Williams Companies has an average rating of “Buy” and a consensus target price of $83.62.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $70.38 on Friday. The stock has a market cap of $86.08 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 1.79 and a beta of 0.58. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07. The company’s fifty day moving average is $73.10 and its 200 day moving average is $72.54. The company has a quick ratio of 0.76, a current ratio of 0.48 and a debt-to-equity ratio of 1.83.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.Williams Companies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Sell-side analysts forecast that Williams Companies, Inc. will post 2.3 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 11th. Williams Companies’s dividend payout ratio (DPR) is 83.67%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total value of $141,300.00. Following the transaction, the senior vice president directly owned 281,159 shares of the company’s stock, valued at $19,863,883.35. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $78.15, for a total value of $195,375.00. Following the completion of the sale, the senior vice president owned 54,101 shares in the company, valued at $4,227,993.15. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,500 shares of company stock valued at $1,402,755 over the last ninety days. 0.47% of the stock is owned by company insiders.

About Williams Companies

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.