Jain Global LLC Sells 1,281,824 Shares of Williams Companies, Inc. (The) $WMB

Jain Global LLC cut its position in Williams Companies, Inc. (The) (NYSE:WMB) by 89.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,106 shares of the pipeline company’s stock after selling 1,281,824 shares during the quarter. Jain Global LLC’s holdings in Williams Companies were worth $9,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Williams Companies by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,540,556 shares of the pipeline company’s stock worth $287,644,000 after purchasing an additional 134,777 shares during the last quarter. World Investment Advisors boosted its holdings in Williams Companies by 185.6% in the 3rd quarter. World Investment Advisors now owns 43,069 shares of the pipeline company’s stock worth $2,728,000 after buying an additional 27,987 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Williams Companies by 9.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,123 shares of the pipeline company’s stock worth $11,664,000 after buying an additional 16,027 shares in the last quarter. Compass Wealth Management LLC boosted its stake in Williams Companies by 75.9% during the third quarter. Compass Wealth Management LLC now owns 125,290 shares of the pipeline company’s stock worth $7,937,000 after buying an additional 54,057 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its holdings in Williams Companies by 3,344.8% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 17,465 shares of the pipeline company’s stock valued at $1,106,000 after purchasing an additional 16,958 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of several recent research reports. UBS Group upped their target price on shares of Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company upped their target price on Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Zacks Research upgraded Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

Williams Companies Price Performance

Shares of WMB opened at $73.88 on Tuesday. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $76.87. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a fifty day moving average price of $68.54 and a 200 day moving average price of $63.17. The company has a market cap of $90.25 billion, a P/E ratio of 34.53, a PEG ratio of 1.26 and a beta of 0.63.

Williams Companies (NYSE:WMB) last posted its earnings results on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Williams Companies had a net margin of 21.90% and a return on equity of 17.32%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, research analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a dividend of $0.525 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th. Williams Companies’s payout ratio is presently 98.13%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $72.92, for a total value of $1,968,840.00. Following the sale, the senior vice president directly owned 293,159 shares in the company, valued at $21,377,154.28. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Todd J. Rinke sold 7,364 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $74.39, for a total value of $547,807.96. Following the completion of the sale, the senior vice president owned 26,055 shares in the company, valued at approximately $1,938,231.45. This represents a 22.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,471 shares of company stock valued at $3,557,023 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Company 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.