Nomura Asset Management Co. Ltd. Has $17.72 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Nomura Asset Management Co. Ltd. boosted its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 388,123 shares of the pipeline company’s stock after purchasing an additional 9,471 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Williams Companies were worth $17,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMB. Legacy Investment Solutions LLC bought a new stake in shares of Williams Companies during the 3rd quarter worth approximately $30,000. SouthState Corp bought a new stake in Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the 2nd quarter valued at $34,000. Rosenberg Matthew Hamilton boosted its holdings in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Williams Companies during the 2nd quarter worth $35,000. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $54.56 on Wednesday. The company has a market capitalization of $66.51 billion, a PE ratio of 23.02, a P/E/G ratio of 5.84 and a beta of 1.05. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $53.94 and a 200 day simple moving average of $47.03. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.48%. Williams Companies’s payout ratio is 80.17%.

Analyst Ratings Changes

WMB has been the topic of several research analyst reports. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Mizuho lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Bank of America began coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Truist Financial increased their price target on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams Companies has an average rating of “Hold” and a consensus price target of $52.07.

Williams Companies Company Profile

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.