Alyeska Investment Group L.P. Increases Holdings in Williams Companies, Inc. (The) $WMB

Key Points

• Alyeska Investment Group increased its Williams Companies stake by 64.5% in the second quarter, acquiring 780,562 additional shares for a total position of nearly 2 million shares valued at approximately $148 million. Institutional investors collectively own 86.44% of WMB.
• Williams Companies reported quarterly revenue of $3.05 billion, up 9.8% year over year, while adjusted earnings of $0.50 per share matched analyst expectations. The company declared a quarterly dividend of $0.525, equivalent to a 2.8% annualized yield.
• WMB shares opened at $73.75, below the $80.07 12-month high. Analysts maintain a consensus “Buy” rating with an average price target of $85.60.

Alyeska Investment Group L.P. increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 64.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,990,213 shares of the pipeline company's stock after acquiring an additional 780,562 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.16% of Williams Companies worth $147,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of WMB. Bank of America Corp DE acquired a new position in Williams Companies in the second quarter valued at approximately $3,320,606,000. Norges Bank acquired a new position in shares of Williams Companies in the 4th quarter valued at $747,749,000. Wellington Management Group LLP lifted its stake in shares of Williams Companies by 43.4% in the 2nd quarter. Wellington Management Group LLP now owns 33,097,208 shares of the pipeline company's stock valued at $2,460,446,000 after purchasing an additional 10,013,946 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Williams Companies during the 2nd quarter worth $596,077,000. Finally, BROOKFIELD Corp ON increased its position in shares of Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company's stock worth $755,490,000 after purchasing an additional 7,884,730 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the firm's 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 17,000 shares of company stock valued at $1,262,930. Corporate insiders own 0.47% of the company's stock.

Williams Companies Stock Down 0.6%

Shares of NYSE WMB opened at $73.75 on Friday. The stock has a market cap of $90.21 billion, a P/E ratio of 29.38, a PEG ratio of 1.54 and a beta of 0.58. The business's fifty day simple moving average is $73.46 and its 200-day simple moving average is $73.33. Williams Companies, Inc. has a 12-month low of $56.08 and a 12-month high of $80.07. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 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 period in the previous year, the firm posted $0.46 EPS. 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 analysts predict that Williams Companies, Inc. will post 2.45 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.8%. Williams Companies's dividend payout ratio is currently 83.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMB. UBS Group restated a "buy" rating on shares of Williams Companies in a report on Tuesday, July 14th. Wells Fargo & Company lifted their price target 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. Canadian Imperial Bank of Commerce upped their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a report on Tuesday, May 26th. Weiss Ratings reiterated a "buy (b)" rating on shares of Williams Companies in a report on Wednesday, June 24th. Finally, Scotiabank lifted their price objective on Williams Companies from $85.00 to $86.00 and gave the company a "sector outperform" rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $85.60.

About Williams Companies

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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