TD Asset Management Inc Cuts Position in Williams Companies, Inc. (The) $WMB

TD Asset Management Inc lessened its position in Williams Companies, Inc. (The) (NYSE:WMB) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Williams Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock worth $8,052,537,000 after purchasing an additional 883,245 shares in the last quarter. State Street Corp raised its holdings in shares of Williams Companies by 1.9% during the 4th quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock valued at $4,086,344,000 after buying an additional 1,296,991 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Williams Companies by 4.8% during the 4th quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock valued at $2,768,298,000 after buying an additional 2,100,164 shares in the last quarter. Morgan Stanley lifted its position in Williams Companies by 11.0% in the 4th quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock worth $2,018,017,000 after buying an additional 3,314,851 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Williams Companies by 21.3% in the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock worth $1,281,875,000 after buying an additional 3,748,126 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.65, for a total value of $141,300.00. Following the completion of the sale, the senior vice president directly owned 281,159 shares of the company’s stock, valued at approximately $19,863,883.35. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Williams Companies Stock Up 2.7%

Shares of NYSE:WMB opened at $75.04 on Friday. The stock’s 50-day moving average is $73.27 and its 200 day moving average is $72.90. The company has a market cap of $91.79 billion, a PE ratio of 29.90, a P/E/G ratio of 1.72 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 $55.82 and a 1 year high of $80.07.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.46 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.43 EPS for the current year.

Williams Companies Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on WMB shares. Truist Financial lifted their price target on shares of Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Scotiabank upped their price target on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday, May 12th. Morgan Stanley raised their price objective on Williams Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, TD Cowen increased their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued 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 price target of $85.33.

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.