Beacon Pointe Advisors LLC Takes $16.43 Million Position in Williams Companies, Inc. (The) $WMB

Key Points

• Beacon Pointe Advisors acquired 220,955 shares of Williams Companies worth approximately $16.43 million during the second quarter. Institutional investors collectively own 86.44% of WMB’s outstanding stock.
• Analysts remain broadly positive, with 18 of 20 ratings at Buy or Strong Buy and an average price target of $85.60, above the reported share price of $73.75.
• Williams reported quarterly revenue of $3.05 billion and EPS of $0.50, while declaring a quarterly dividend of $0.525 per share, equivalent to a 2.8% annualized yield.

Beacon Pointe Advisors LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 220,955 shares of the pipeline company's stock, valued at approximately $16,425,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMB. Kimelman & Baird LLC purchased a new position in Williams Companies during the second quarter worth $74,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Williams Companies during the 2nd quarter worth about $331,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Williams Companies in the 2nd quarter worth about $759,000. Rakuten Investment Management Inc. bought a new stake in Williams Companies in the second quarter worth about $15,014,000. Finally, Glenview Trust Co purchased a new position in shares of Williams Companies during the second quarter valued at approximately $659,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Truist Financial upped their price target on shares of Williams Companies from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Scotiabank lifted their price objective 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. Jefferies Financial Group dropped their target price on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Finally, TD Cowen raised their target price on shares of Williams Companies from $81.00 to $87.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies has an average rating of "Buy" and an average price target of $85.60.

Insiders Place Their Bets

In related 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 sale, the senior vice president owned 268,159 shares of the company's stock, valued at $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 17,000 shares of company stock worth $1,262,930. 0.47% of the stock is currently owned by insiders.

Williams Companies Stock Down 0.6%

Shares of Williams Companies stock opened at $73.75 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. The company 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 firm's 50 day moving average price is $73.46 and its 200-day moving average price is $73.33. Williams Companies, Inc. has a 52-week low of $56.08 and a 52-week high of $80.07.

Williams Companies (NYSE:WMB - Get Free Report) last announced its 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 return on equity of 18.49% and a net margin of 25.17%.The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm's quarterly 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 2.45 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.8%. 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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