Bellars Harris Wealth Management LLC Invests $10.57 Million in Williams Companies, Inc. (The) $WMB

Key Points

• Bellars Harris Wealth Management initiated a $10.57 million position in Williams Companies, purchasing 142,181 shares. WMB now represents approximately 2.2% of the firm’s portfolio, while institutional investors and hedge funds collectively own 86.44% of the stock.
• Williams Companies reported quarterly revenue of $3.05 billion, up 9.8% year over year and above analyst expectations, while earnings per share matched estimates at $0.50.
• The company declared a quarterly dividend of $0.525 per share, equivalent to $2.10 annually and a 2.8% yield. Analysts maintain a consensus “Buy” rating with an average price target of $85.33.

Bellars Harris Wealth Management LLC bought a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 142,181 shares of the pipeline company's stock, valued at approximately $10,570,000. Williams Companies comprises about 2.2% of Bellars Harris Wealth Management LLC's portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Williams Companies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company's stock worth $8,052,537,000 after buying an additional 883,245 shares during the period. State Street Corp increased its position in shares of Williams Companies by 1.9% in the fourth quarter. State Street Corp now owns 67,981,106 shares of the pipeline company's stock worth $4,086,344,000 after acquiring an additional 1,296,991 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Williams Companies by 4.8% during the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company's stock valued at $2,768,298,000 after acquiring an additional 2,100,164 shares during the period. Morgan Stanley raised its holdings in shares of Williams Companies by 11.0% during the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company's stock valued at $2,018,017,000 after acquiring an additional 3,314,851 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Williams Companies by 21.3% in the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company's stock valued at $1,281,875,000 after acquiring an additional 3,748,126 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Price Performance

WMB opened at $75.04 on Monday. The stock has a fifty day moving average price of $73.27 and a 200 day moving average price of $72.96. 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, Inc. has a 1 year low of $55.82 and a 1 year high of $80.07. The stock has a market cap of $91.79 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.58 and a beta of 0.59.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results 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 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 firm posted $0.46 EPS. The business'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. Analysts forecast that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be issued a $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies's dividend payout ratio is currently 83.67%.

Analyst Ratings Changes

A number of research firms recently commented on WMB. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a research note on Tuesday, July 14th. Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Royal Bank Of Canada raised their target price on Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group lowered their price target on Williams Companies from $87.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Three equities research 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, Williams Companies currently has an average rating of "Buy" and an average target price of $85.33.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total transaction of $141,300.00. Following the transaction, the senior vice president owned 281,159 shares of the company's stock, valued at approximately $19,863,883.35. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company's stock.

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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