First American Bank Invests $2.02 Million in Williams Companies, Inc. (The) $WMB

First American Bank bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,819 shares of the pipeline company’s stock, valued at approximately $2,016,000.

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in Williams Companies during the 2nd quarter worth about $765,164,000. BROOKFIELD Corp ON increased its position in shares of Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after acquiring an additional 7,884,730 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Williams Companies by 27.3% during the second quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock valued at $905,583,000 after acquiring an additional 3,089,390 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Williams Companies by 39.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 6,954,733 shares of the pipeline company’s stock valued at $436,827,000 after acquiring an additional 1,950,485 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in Williams Companies by 275.7% in the 1st quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock worth $155,933,000 after purchasing an additional 1,914,730 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $59.78 on Tuesday. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $65.55. The business’s 50-day moving average price is $59.66 and its two-hundred day moving average price is $59.63. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. The company has a market capitalization of $73.00 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62.

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

Williams Companies Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 3.3%. Williams Companies’s dividend payout ratio is 103.09%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies 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 sale, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. The trade was a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMB shares. UBS Group boosted their target price on shares of Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Mizuho raised Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Citigroup raised their price objective on 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 lifted their target price on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley increased their price target on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.21.

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.