Barrow Hanley Mewhinney & Strauss LLC Purchases New Stake in Williams Companies, Inc. (The) $WMB

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 42,218 Williams Companies shares worth approximately $3.14 million in the second quarter. Institutional investors now own 86.44% of the company, with several other major funds also adding positions.
• Analysts remain broadly bullish, with Williams Companies receiving an average “Buy” rating and a consensus price target of $85.60, above its reported opening price of $71.02.
• The company matched quarterly earnings expectations at $0.50 per share, while revenue rose 9.8% year over year to $3.05 billion. Williams also declared a quarterly dividend of $0.525 per share, representing a 3.0% annualized yield.

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,218 shares of the pipeline company's stock, valued at approximately $3,138,000.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Williams Companies during the fourth quarter worth $747,749,000. BROOKFIELD Corp ON increased its stake in shares of Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company's stock valued at $755,490,000 after purchasing an additional 7,884,730 shares during the last quarter. Kayne Anderson Capital Advisors LP acquired a new position in shares of Williams Companies during the 2nd quarter worth $500,305,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Williams Companies during the 2nd quarter worth $354,184,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Williams Companies during the 2nd quarter worth $329,094,000. 86.44% of the stock is owned by institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies 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 completion of 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 can be accessed through this hyperlink. Insiders have sold 17,000 shares of company stock worth $1,262,930 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Williams Companies in a research report on Wednesday, June 24th. The Goldman Sachs Group reiterated a "buy" rating and set a $82.00 price objective on shares of Williams Companies in a research report on Tuesday, July 14th. Citigroup raised their price objective on Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a report on Friday, May 8th. Barclays boosted their price target on Williams Companies from $73.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. upped their price objective on Williams Companies from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Williams Companies presently has an average rating of "Buy" and a consensus price target of $85.60.

Williams Companies Trading Up 0.7%

NYSE:WMB opened at $71.02 on Tuesday. Williams Companies, Inc. has a 52 week low of $56.08 and a 52 week high of $80.07. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. The firm's fifty day moving average is $73.37 and its 200-day moving average is $73.20. The firm has a market cap of $86.87 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.47 and a beta of 0.59.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share 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 analyst estimates of $2.83 billion. During the same period last year, the company posted $0.46 EPS. The business's quarterly revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities analysts expect that Williams Companies, Inc. will post 2.45 earnings per share for the current year.

Williams Companies Announces Dividend

The business 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 11th. Williams Companies's 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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