Castleark Management LLC purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 131,770 shares of the pipeline company's stock, valued at approximately $9,796,000.
Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after purchasing an additional 3,969 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Williams Companies by 5.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company's stock worth $291,000 after purchasing an additional 242 shares during the last quarter. Treasurer of the State of North Carolina raised its position 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 buying an additional 11,926 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in 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 acquiring an additional 296 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in Williams Companies by 160.1% during the 2nd quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company's stock valued at $10,366,000 after acquiring an additional 101,574 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Williams Companies
In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total value of $973,310.00. Following the transaction, 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 SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 17,000 shares of company stock worth $1,262,930. Company insiders own 0.47% of the company's stock.
Williams Companies Stock Performance
NYSE WMB opened at $71.00 on Wednesday. The stock has a market cap of $86.84 billion, a PE ratio of 28.29, a P/E/G ratio of 1.48 and a beta of 0.58. Williams Companies, Inc. has a twelve month low of $56.08 and a twelve month high of $80.07. The stock has a fifty day simple moving average of $73.36 and a 200-day simple moving average of $73.23. 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 announced its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities analysts anticipate that Williams Companies, Inc. will post 2.45 earnings per share for the current year.
Williams Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 annualized dividend and a yield of 3.0%. Williams Companies's dividend payout ratio is 83.67%.
Analysts Set New Price Targets
A number of research analysts have weighed in on WMB shares. Canadian Imperial Bank of Commerce raised their target price on shares of Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a research note on Tuesday, May 26th. Citigroup increased their price target on Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a report on Friday, May 8th. Truist Financial boosted their price objective on Williams Companies from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a research note on Tuesday, July 14th. Finally, Morgan Stanley boosted their price target on shares of Williams Companies from $99.00 to $103.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $85.60.
Check Out Our Latest Stock Analysis on WMB
About Williams Companies
(
Free Report)
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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