Advisors Preferred LLC purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,400 shares of the pipeline company's stock, valued at approximately $2,516,000.
A number of other institutional investors have also recently added to or reduced their stakes in WMB. Cynosure Group LLC bought a new position in Williams Companies during the second quarter worth $647,000. Gabelli Funds LLC boosted its position in shares of Williams Companies by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company's stock valued at $15,689,000 after purchasing an additional 17,900 shares in the last quarter. SIR Capital Management L.P. grew its stake in 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 worth $31,572,000 after purchasing an additional 150,032 shares during the period. Stephens Inc. AR grew its stake in Williams Companies by 8.9% during the fourth quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company's stock worth $9,912,000 after purchasing an additional 13,438 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in Williams Companies by 56.3% in the fourth quarter. Global Retirement Partners LLC now owns 57,550 shares of the pipeline company's stock worth $3,459,000 after purchasing an additional 20,740 shares in the last quarter. 86.44% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on WMB shares. Wells Fargo & Company increased their price target on Williams Companies from $89.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Jefferies Financial Group lowered their price objective on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a "buy" rating and set a $82.00 target price on shares of Williams Companies in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their target price on shares of Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Finally, Truist Financial lifted their price target on shares of Williams Companies from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Williams Companies has a consensus rating of "Buy" and an average price target of $85.60.
Check Out Our Latest Stock Report on WMB
Williams Companies Price Performance
Shares of WMB opened at $71.86 on Friday. Williams Companies, Inc. has a 12-month low of $56.08 and a 12-month high of $80.07. The business's fifty day moving average is $73.40 and its 200 day moving average is $73.15. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The stock has a market cap of $87.90 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.51 and a beta of 0.58.
Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.46 EPS. Williams Companies's revenue was up 9.8% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.48 earnings per share for the current fiscal year.
Williams Companies Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 annualized dividend and a yield of 2.9%. Williams Companies's dividend payout ratio (DPR) is presently 83.67%.
Insiders Place Their Bets
In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction dated 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 owned 268,159 shares in the company, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is currently owned by company insiders.
Williams Companies Profile
(
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.
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