Managed Account Advisors LLC recently announced the acquisition of new stake in Williams Cos Inc (NYSE:WMB). The institutional investor has increased its shareholding in the Energy company by 27.60% to 43.03 million shares with purchase of 9.31 million shares. This fresh investment now brings its stake to 3.54% valued currently at $1.5 billion. In addition, T. Rowe Price Associates, Inc. raised its holdings by 10.91 million to 29.28 million shares. And Geode Capital Management LLC has lifted its position by 2.05% or 0.56 million shares – to 27.71 million shares.
Currently, there are 1.22B common shares owned by the public and among those 1.21B shares have been available to trade.
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Insiders at the company have transacted a total of 81 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 2,196,700 shares. Insider sales of the common stock occurred on 37 occasions, with total insider shares sold totaling 1,080,353 shares.
The top 3 mutual fund holders in Williams Cos Inc are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR Series – Energy Select Secto. Vanguard Total Stock Market ETF owns 38.13 million shares of the company’s stock, all valued at over $1.33 billion. The company bought an additional 30992.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 50996.0 shares to see its total holdings expand to 29.7 million shares valued at over $1.03 billion and representing 2.44% of the shares outstanding. SPDR Series – Energy Select Secto bought 0.12 million shares to bring its total holdings to over 29.54 million shares at a value of $1.03 billion. SPDR Series – Energy Select Secto now owns shares totaling to 2.43% of the shares outstanding.
The company’s stock has a 5-day price change of 2.47% and 0.67% over the past three months. WMB shares are trading -0.06% year to date (YTD), with the 12-month market performance up to 10.75% higher. It has a 12-month low price of $27.80 and touched a high of $37.45 over the same period. WMB has an average intraday trading volume of 6.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.04%, -1.23%, and 4.39% respectively.
Institutional ownership of Williams Cos Inc (NYSE: WMB) shares accounts for 87.91% of the company’s 1.22B shares outstanding. Mutual fund holders own 40.78%, while other institutional holders and individual stakeholders account for 47.53% and 2.44% respectively.
It has a market capitalization of $42.35B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 15.73, while the earnings-per-share (ttm) stands at $2.21. The company has a PEG of 7.86 and a Quick Ratio of 0.72 with the debt-to-equity ratio at 2.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.26% over the week and 1.70% over the month.
Analysts forecast that Williams Cos Inc (WMB) will achieve an EPS of $0.47 for the current quarter, $0.49 for the next quarter and $1.88 for 2024. The lowest estimate earnings-per-share for the quarter is $0.4 while analysts give the company a high EPS estimate of $0.53. Comparatively, EPS for the current quarter was $0.55 a year ago. Earnings per share for the fiscal year are expected to increase by 10.63%, and -8.30% over the next financial year. EPS should grow at an annualized rate of 2.00% over the next five years, compared to -8.58% over the past 5-year period.
Looking at the support for the WMB, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on October 06, 2023, with the firm’s price target at $35.
