Covalis Capital LLP Buys 97,245 Shares of Williams Companies, Inc. (The) $WMB

Covalis Capital LLP boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 47.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,540 shares of the pipeline company’s stock after buying an additional 97,245 shares during the quarter. Williams Companies accounts for approximately 2.3% of Covalis Capital LLP’s investment portfolio, making the stock its 13th largest position. Covalis Capital LLP’s holdings in Williams Companies were worth $18,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WMB. American Century Companies Inc. boosted its stake in shares of Williams Companies by 18.2% during the 2nd quarter. American Century Companies Inc. now owns 6,044,305 shares of the pipeline company’s stock worth $379,643,000 after purchasing an additional 929,248 shares during the period. Del Sette Capital Management LLC grew its stake in shares of Williams Companies by 20.9% during the second quarter. Del Sette Capital Management LLC now owns 55,209 shares of the pipeline company’s stock valued at $3,468,000 after buying an additional 9,551 shares during the last quarter. Mufg Securities Americas Inc. grew its stake in shares of Williams Companies by 25.4% during the second quarter. Mufg Securities Americas Inc. now owns 27,061 shares of the pipeline company’s stock valued at $1,700,000 after buying an additional 5,483 shares during the last quarter. Evelyn Partners Investment Management Services Ltd raised its holdings in shares of Williams Companies by 10,431.6% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 14,323 shares of the pipeline company’s stock worth $968,000 after buying an additional 14,187 shares during the period. Finally, Evelyn Partners Investment Management LLP lifted its stake in shares of Williams Companies by 24.9% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 46,042 shares of the pipeline company’s stock worth $2,892,000 after acquiring an additional 9,171 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other Williams Companies 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 value of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. UBS Group upped their price target 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. CIBC upgraded shares of Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective for the company in a report on Friday, August 15th. Argus restated a “buy” rating and issued a $66.00 target price on shares of Williams Companies in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.21.

Williams Companies Trading Up 1.2%

NYSE WMB opened at $59.64 on Friday. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $65.55. 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 company has a market capitalization of $72.83 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. The company’s 50-day simple moving average is $60.77 and its two-hundred day simple moving average is $59.45.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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 net margin of 21.63% and a return on equity of 16.23%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts forecast 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. Investors of record on Friday, December 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend payout ratio is 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.