Meeder Asset Management Inc. Decreases Stock Position in Williams Companies, Inc. (The) $WMB

Meeder Asset Management Inc. cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 98.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 940 shares of the pipeline company’s stock after selling 56,155 shares during the quarter. Meeder Asset Management Inc.’s holdings in Williams Companies were worth $70,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI raised its stake in shares of Williams Companies by 2.6% in the second quarter. Citizens Financial Group Inc. RI now owns 35,506 shares of the pipeline company’s stock valued at $2,639,000 after acquiring an additional 912 shares during the period. Argyle Capital Partners LLC grew its holdings in Williams Companies by 5.9% during the 2nd quarter. Argyle Capital Partners LLC now owns 24,240 shares of the pipeline company’s stock valued at $1,802,000 after purchasing an additional 1,347 shares during the last quarter. Quent Capital LLC grew its holdings in Williams Companies by 81.9% during the 2nd quarter. Quent Capital LLC now owns 1,448 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 652 shares during the last quarter. Perigon Wealth Management LLC raised its position in Williams Companies by 6.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 26,082 shares of the pipeline company’s stock worth $1,939,000 after purchasing an additional 1,548 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in Williams Companies by 65.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 13,892 shares of the pipeline company’s stock worth $1,033,000 after purchasing an additional 5,506 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMB has been the subject of several analyst reports. TD Cowen raised their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $82.00 price target on shares of Williams Companies in a report on Tuesday, July 14th. Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Royal Bank Of Canada boosted their price objective on Williams Companies from $83.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $85.60.

Williams Companies Price Performance

Williams Companies stock opened at $71.86 on Friday. The stock has a market cap of $87.90 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. Williams Companies, Inc. has a 1 year low of $56.08 and a 1 year high of $80.07. The firm has a 50-day moving average of $73.40 and a two-hundred day moving average of $73.15.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, research analysts forecast that Williams Companies, Inc. will post 2.48 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 annualized dividend and a yield of 2.9%. Williams Companies’s dividend payout ratio is 83.67%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the transaction, the senior vice president directly owned 268,159 shares in the company, valued at $20,077,064.33. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 17,000 shares of company stock valued at $1,262,930 over the last quarter. 0.47% of the stock is owned by corporate insiders.

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.