United Capital Financial Advisors LLC bought a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,353 shares of the pipeline company’s stock, valued at approximately $1,810,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMB. Infrastructure Capital Advisors LLC acquired a new position in Williams Companies during the 2nd quarter worth about $15,277,000. Cynosure Group LLC acquired a new stake in Williams Companies in the 2nd quarter valued at about $647,000. Ieq Capital LLC bought a new position in shares of Williams Companies in the second quarter worth about $2,504,000. Gabelli Funds LLC lifted its position in shares of Williams Companies by 7.4% during the fourth quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock worth $15,689,000 after purchasing an additional 17,900 shares in the last quarter. Finally, SIR Capital Management L.P. grew its stake in shares of Williams Companies by 40.0% during the fourth quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock valued at $31,572,000 after purchasing an additional 150,032 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $82.00 target price on shares of Williams Companies in a research note on Tuesday, July 14th. Barclays raised their price target on Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Citigroup lifted their price objective on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, UBS Group reissued a “buy” rating on shares of Williams Companies in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $85.60.
Insider Buying and Selling
In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the sale, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 17,000 shares of company stock valued at $1,262,930 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.
Williams Companies Trading Down 0.6%
NYSE:WMB opened at $73.75 on Friday. Williams Companies, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07. The business’s 50-day moving average price is $73.46 and its two-hundred day moving average price is $73.33. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $90.21 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.54 and a beta of 0.58.
Williams Companies (NYSE:WMB – Get Free Report) last posted its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, equities analysts expect that Williams Companies, Inc. will post 2.45 earnings per share for the current year.
Williams Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is presently 83.67%.
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.
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