Rakuten Investment Management Inc. Acquires New Holdings in Williams Companies, Inc. (The) $WMB

by · The Cerbat Gem

Rakuten Investment Management Inc. bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMBFree Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 200,963 shares of the pipeline company’s stock, valued at approximately $12,731,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartford Funds Management Co LLC bought a new stake in shares of Williams Companies during the second quarter valued at approximately $29,000. Private Wealth Management Group LLC increased its position in Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 240 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Williams Companies in the 2nd quarter valued at approximately $32,000. Salomon & Ludwin LLC bought a new stake in Williams Companies during the 3rd quarter valued at $35,000. Finally, Legacy Investment Solutions LLC acquired a new position in Williams Companies during the 2nd quarter worth $35,000. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Tudor Pickering raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. UBS Group restated a “buy” rating on shares of Williams Companies in a research report on Monday, January 12th. BMO Capital Markets decreased their price objective on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, Barclays raised their price objective on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Moderate Buy” and an average target price of $68.29.

View Our Latest Report on Williams Companies

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total value of $123,800.00. Following the transaction, the senior vice president directly owned 297,545 shares in the company, valued at $18,418,035.50. The trade was a 0.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Price Performance

Shares of NYSE WMB opened at $63.14 on Thursday. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average of $60.29 and a two-hundred day moving average of $59.71. The company has a market capitalization of $77.11 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.43 and a beta of 0.64.

Williams Companies (NYSE:WMBGet Free Report) last released its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, December 12th. Williams Companies’s dividend payout ratio is 103.09%.

About Williams Companies

(Free Report)

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.

Further Reading

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