Resona Asset Management Co. Ltd. Has $31.39 Million Position in Williams Companies, Inc. (The) $WMB

Resona Asset Management Co. Ltd. increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,639 shares of the pipeline company’s stock after acquiring an additional 9,452 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Williams Companies were worth $31,392,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings 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 valued at $8,052,537,000 after purchasing an additional 883,245 shares during the period. State Street Corp grew its stake in shares of 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 buying an additional 1,296,991 shares during the period. Wellington Management Group LLP grew its stake in shares of 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 period. Bank of America Corp DE increased its position in Williams Companies by 4.8% in the 4th 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. Finally, Morgan Stanley raised its stake in Williams Companies by 11.0% during the 4th 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 period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of WMB opened at $75.49 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $92.21 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.84 and a beta of 0.57. The stock has a 50 day moving average of $74.30 and a 200 day moving average of $70.76. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07.

Williams Companies (NYSE:WMB) last posted 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. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, sell-side analysts forecast that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. Williams Companies’s payout ratio is presently 92.11%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMB. Barclays increased their price target on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday. Truist Financial assumed coverage on Williams Companies in a research report on Tuesday, March 24th. They set a “buy” rating and a $84.00 target price on the stock. Canadian Imperial Bank of Commerce increased their target price on Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a report on Tuesday, May 26th. Wells Fargo & Company lifted their price target on shares of Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Finally, Stifel Nicolaus boosted their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $83.50.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Glen G. Jasek sold 2,500 shares of Williams Companies stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $78.15, for a total value 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. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $74.16, for a total transaction of $148,320.00. Following the completion of the transaction, the senior vice president owned 283,159 shares in the company, valued at approximately $20,999,071.44. The trade was a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,500 shares of company stock valued at $5,182,655 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

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.