TD Asset Management Inc Sells 105,482 Shares of Williams Companies, Inc. (The) $WMB

TD Asset Management Inc lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 16.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 548,337 shares of the pipeline company’s stock after selling 105,482 shares during the quarter. TD Asset Management Inc’s holdings in Williams Companies were worth $40,763,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WMB. Gabelli Funds LLC grew its stake in Williams Companies by 7.4% in the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock valued at $15,689,000 after buying an additional 17,900 shares in the last quarter. SIR Capital Management L.P. raised its holdings in Williams Companies by 40.0% during the 4th quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock valued at $31,572,000 after acquiring an additional 150,032 shares during the period. Stephens Inc. AR lifted its position in shares of Williams Companies by 8.9% during the fourth quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company’s stock worth $9,912,000 after acquiring an additional 13,438 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Williams Companies by 56.3% during the fourth quarter. Global Retirement Partners LLC now owns 57,550 shares of the pipeline company’s stock worth $3,459,000 after acquiring an additional 20,740 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its holdings in shares of Williams Companies by 688.5% in the first quarter. Mediolanum International Funds Ltd now owns 479,126 shares of the pipeline company’s stock worth $34,722,000 after acquiring an additional 418,365 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WMB shares. Barclays boosted their price objective on Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. UBS Group restated a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 14th. Stifel Nicolaus lifted their target price on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce upped their price target on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Three equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $85.33.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total value of $141,300.00. Following the transaction, the senior vice president directly owned 281,159 shares in the company, valued at approximately $19,863,883.35. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Williams Companies Trading Up 2.7%

Shares of WMB stock opened at $75.04 on Friday. The company has a market capitalization of $91.79 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. Williams Companies, Inc. has a 52-week low of $55.82 and a 52-week high of $80.07. The business’s fifty day moving average is $73.27 and its 200 day moving average is $72.90. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, equities research analysts anticipate that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. Williams Companies’s payout ratio is presently 83.67%.

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.