Corigliano Investment Advisers LLC Has $12.10 Million Stock Holdings in Williams Companies, Inc. (The) $WMB

Corigliano Investment Advisers LLC raised its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 143.1% in the 4th quarter, HoldingsChannel reports. The firm owned 201,300 shares of the pipeline company’s stock after purchasing an additional 118,500 shares during the period. Williams Companies makes up 4.3% of Corigliano Investment Advisers LLC’s portfolio, making the stock its 8th biggest position. Corigliano Investment Advisers LLC’s holdings in Williams Companies were worth $12,100,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Williams Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock worth $8,052,537,000 after acquiring an additional 883,245 shares in the last quarter. State Street Corp raised its stake in shares of Williams Companies by 1.9% during the fourth quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock worth $4,086,344,000 after acquiring an additional 1,296,991 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Williams Companies by 15.9% during the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock worth $3,077,942,000 after acquiring an additional 6,668,950 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Williams Companies by 4.8% during the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock worth $2,768,298,000 after acquiring an additional 2,100,164 shares in the last quarter. Finally, Morgan Stanley raised 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 acquiring an additional 3,314,851 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.3%

Shares of NYSE WMB opened at $71.26 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $80.07. The firm’s fifty day moving average is $73.38 and its 200 day moving average is $69.16. The company has a market cap of $87.05 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 1.74 and a beta of 0.58.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The company 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 earnings per share. The firm’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. On average, equities research analysts expect that Williams Companies, Inc. will post 2.44 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, June 12th will be paid a $0.525 dividend. 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 payout ratio is presently 92.11%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $76.35, for a total transaction of $152,700.00. Following the transaction, the senior vice president directly owned 287,159 shares of the company’s stock, valued at approximately $21,924,589.65. The trade was a 0.69% 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, COO Larry C. Larsen sold 12,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the transaction, the chief operating officer owned 98,219 shares of the company’s stock, valued at $7,511,789.12. This trade represents a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 68,500 shares of company stock valued at $5,177,835 in the last three months. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on WMB. Canadian Imperial Bank of Commerce lifted their price target on shares of Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research note on Tuesday, May 26th. UBS Group lifted their price target on shares of Williams Companies from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Jefferies Financial Group lifted their price target on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Wolfe Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Four investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.40.

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.