Miller Global Investments LLC Purchases New Position in Williams Companies, Inc. (The) $WMB

Miller Global Investments LLC purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 11,044 shares of the pipeline company’s stock, valued at approximately $664,000.

Several other institutional investors have also modified their holdings of WMB. Envestnet Asset Management Inc. raised its stake in Williams Companies by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,540,556 shares of the pipeline company’s stock valued at $287,644,000 after acquiring an additional 134,777 shares during the last quarter. World Investment Advisors grew its stake in shares of Williams Companies by 185.6% in the 3rd quarter. World Investment Advisors now owns 43,069 shares of the pipeline company’s stock valued at $2,728,000 after purchasing an additional 27,987 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 valued at $11,664,000 after purchasing an additional 16,027 shares during the period. Compass Wealth Management LLC raised its stake in shares of 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 purchasing an additional 54,057 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its stake in shares of Williams Companies by 3,344.8% during the third quarter. Atlantic Union Bankshares Corp now owns 17,465 shares of the pipeline company’s stock worth $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.

Williams Companies Price Performance

Williams Companies stock opened at $74.08 on Friday. The company has a market cap of $90.49 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63. Williams Companies, Inc. has a one year low of $51.58 and a one year high of $76.87. The business has a fifty day moving average of $69.33 and a two-hundred day moving average of $63.42. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.53.

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

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, March 13th. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies’s dividend payout ratio (DPR) is currently 98.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMB. Wells Fargo & Company lifted their price objective on shares of Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Scotiabank raised shares of Williams Companies from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $66.00 to $84.00 in a report on Friday, February 13th. Stifel Nicolaus boosted their price target on shares of Williams Companies from $69.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, UBS Group increased their price target on shares of Williams Companies from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and a consensus price target of $76.50.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 10,107 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $74.91, for a total value of $757,115.37. Following the sale, the chief accounting officer owned 17,230 shares in the company, valued at $1,290,699.30. This represents a 36.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total value of $1,968,840.00. Following the completion of the transaction, the senior vice president directly owned 293,159 shares of the company’s stock, valued at $21,377,154.28. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 51,369 shares of company stock valued at $3,769,012. 0.44% of the stock is currently 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.