Williams Companies, Inc. (The) $WMB Shares Bought by Nordea Investment Management AB
by Kim Johansen · The Markets DailyNordea Investment Management AB lifted its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 11.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,740,024 shares of the pipeline company’s stock after purchasing an additional 176,880 shares during the period. Nordea Investment Management AB’s holdings in Williams Companies were worth $110,126,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of WMB. Brighton Jones LLC boosted its stake in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares during the period. Modern Wealth Management LLC acquired a new position in Williams Companies during the 1st quarter valued at approximately $200,000. Wesbanco Bank Inc. boosted its position in Williams Companies by 54.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 7,825 shares of the pipeline company’s stock valued at $491,000 after purchasing an additional 2,753 shares during the period. Parallel Advisors LLC grew its stake in Williams Companies by 4.1% during the 2nd quarter. Parallel Advisors LLC now owns 12,742 shares of the pipeline company’s stock worth $800,000 after buying an additional 500 shares during the last quarter. Finally, NBC Securities Inc. increased its position in Williams Companies by 5.1% in the second quarter. NBC Securities Inc. now owns 13,665 shares of the pipeline company’s stock worth $858,000 after buying an additional 660 shares during the period. Institutional investors own 86.44% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total transaction of $242,120.00. Following the transaction, the senior vice president directly owned 302,645 shares of the company’s stock, valued at $18,319,101.85. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by corporate insiders.
Williams Companies Trading Up 1.6%
Shares of NYSE:WMB opened at $60.49 on Wednesday. The company has a 50 day moving average of $60.05 and a 200-day moving average of $59.63. 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 market cap of $73.87 billion, a P/E ratio of 31.18, a P/E/G ratio of 1.38 and a beta of 0.64. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55.
Williams Companies (NYSE:WMB – Get Free Report) last announced its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.Williams Companies’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.
Williams Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 12th were issued a $0.50 dividend. 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%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on WMB. The Goldman Sachs Group upped their price target on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. UBS Group restated a “buy” rating on shares of Williams Companies in a research report on Monday. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. BMO Capital Markets reduced their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.29.
Read Our Latest Stock Report on WMB
Williams Companies Profile
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.
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