Vinva Investment Management Ltd Raises Stock Holdings in Williams Companies, Inc. (The) $WMB

Vinva Investment Management Ltd raised its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1,126.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,585 shares of the pipeline company’s stock after acquiring an additional 53,808 shares during the period. Vinva Investment Management Ltd’s holdings in Williams Companies were worth $3,672,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Flaharty Asset Management LLC bought a new position in Williams Companies during the first quarter valued at approximately $25,000. Hartford Funds Management Co LLC purchased a new stake in Williams Companies during the 2nd quarter valued at $29,000. Private Wealth Management Group LLC raised its stake in Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares during the last quarter. Saudi Central Bank bought a new position in shares of Williams Companies during the 1st quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Williams Companies in the 2nd quarter worth $32,000. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMB has been the subject of a number of research reports. Argus reiterated a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a research report on Thursday, August 14th. Zacks Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Mizuho upgraded shares of Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group raised their price objective on shares of Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Monday. Two 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 1.5%

Shares of WMB stock opened at $60.25 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a fifty day simple moving average of $60.84 and a two-hundred day simple moving average of $59.49. The firm has a market capitalization of $73.58 billion, a PE ratio of 30.28, a PEG ratio of 1.91 and a beta of 0.63. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55.

Williams Companies (NYSE:WMB) last released its 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). The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

About Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.