Advisors Capital Management 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 & Exchange Commission. The fund bought 803,029 shares of the pipeline company's stock, valued at approximately $59,697,000. Advisors Capital Management LLC owned approximately 0.07% of Williams Companies at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of WMB. Main Street Group LTD bought a new stake in Williams Companies in the 1st quarter worth about $26,000. Motiv8 Investments LLC bought a new position in Williams Companies during the 4th quarter valued at about $27,000. Allied Private Wealth LLC purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $28,000. Bayforest Capital Ltd purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $28,000. Finally, Clearstead Trust LLC grew its stake in shares of Williams Companies by 62.2% in the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company's stock worth $29,000 after acquiring an additional 186 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
WMB has been the topic of several research reports. Morgan Stanley raised their target price on shares of Williams Companies from $99.00 to $103.00 and gave the stock an "overweight" rating in a report on Tuesday. Canadian Imperial Bank of Commerce increased their price target on Williams Companies from $83.00 to $85.00 and gave the company an "outperformer" rating in a report on Tuesday, May 26th. TD Cowen raised their price target on Williams Companies from $81.00 to $87.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Barclays upped their price objective on Williams Companies from $73.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Williams Companies has an average rating of "Buy" and a consensus target price of $85.60.
Check Out Our Latest Stock Analysis on WMB
Williams Companies Stock Performance
NYSE WMB opened at $71.86 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a twelve month low of $56.08 and a twelve month high of $80.07. The business has a 50-day moving average price of $73.40 and a 200-day moving average price of $73.15. The firm has a market cap of $87.90 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58.
Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. Williams Companies's revenue for the quarter was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, equities research analysts predict that Williams Companies, Inc. will post 2.48 EPS for the current fiscal year.
Williams Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 11th. Williams Companies's payout ratio is currently 83.67%.
Insider Buying and Selling
In related news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the transaction, the senior vice president directly owned 268,159 shares of the company's stock, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 17,000 shares of company stock worth $1,262,930 over the last three months. 0.47% of the stock is currently owned by corporate insiders.
About Williams Companies
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Williams Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Williams Companies wasn't on the list.
While Williams Companies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
