Allworth Financial LP Invests $6.59 Million in Williams Companies, Inc. (The) $WMB

Allworth Financial LP purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 88,596 shares of the pipeline company's stock, valued at approximately $6,586,000.

Several other institutional investors have also recently added to or reduced their stakes in WMB. Brighton Jones LLC lifted its position in Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after acquiring an additional 3,969 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Williams Companies by 5.5% in the second quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company's stock valued at $291,000 after purchasing an additional 242 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Williams Companies by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company's stock valued at $35,734,000 after purchasing an additional 11,926 shares during the period. Main Street Financial Solutions LLC raised its stake in shares of Williams Companies by 3.0% during the second quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company's stock worth $644,000 after purchasing an additional 296 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Williams Companies by 160.1% during the second quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company's stock worth $10,366,000 after purchasing an additional 101,574 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the completion of the sale, the senior vice president owned 268,159 shares in the company, valued at $20,077,064.33. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 17,000 shares of company stock valued at $1,262,930. Company insiders own 0.47% of the company's stock.

Williams Companies Stock Down 1.9%

Williams Companies stock opened at $71.86 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. Williams Companies, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07. The company has a market cap of $87.90 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58. The stock's 50 day moving average price is $73.40 and its 200 day moving average price is $73.15.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. 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. On average, sell-side analysts predict that Williams Companies, Inc. will post 2.48 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies's dividend payout ratio is 83.67%.

Wall Street Analyst Weigh In

WMB has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Morgan Stanley upped their price objective on shares of Williams Companies from $99.00 to $103.00 and gave the stock an "overweight" rating in a research report on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of Williams Companies in a research note on Wednesday, June 24th. Scotiabank lifted their target price on shares of Williams Companies from $85.00 to $86.00 and gave the company a "sector outperform" rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Williams Companies from $88.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $85.60.

Williams Companies 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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