Connor Clark & Lunn Investment Management Ltd. Invests $92.88 Million in Williams Companies, Inc. (The) $WMB

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,249,417 shares of the pipeline company's stock, valued at approximately $92,882,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of Williams Companies at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WMB. Main Street Group LTD acquired a new position in shares of Williams Companies during the first quarter worth about $26,000. Motiv8 Investments LLC acquired a new stake in shares of Williams Companies in the fourth quarter valued at about $27,000. Allied Private Wealth LLC purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $28,000. Bayforest Capital Ltd purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $28,000. Finally, Clearstead Trust LLC lifted its position in Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company's stock worth $29,000 after acquiring an additional 186 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the business's 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 completion of the sale, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is currently owned by insiders.

Trending Headlines about Williams Companies

Here are the key news stories impacting Williams Companies this week:

• Positive Sentiment: Morgan Stanley raised its price target for Williams Companies to $103, signaling substantial potential upside from recent trading levels and providing a constructive counterpoint to the earnings estimate cuts. Morgan Stanley Increases Williams Companies Price Target to $103
• Neutral Sentiment: The company’s latest reported quarter was solid: Williams earned $0.50 per share, matching consensus, while revenue of $3.05 billion exceeded expectations and increased 9.8% year over year. Its fee-based pipeline operations provide relatively stable cash flows.
• Negative Sentiment: US Capital Advisors lowered its EPS forecasts across several periods, including fourth-quarter 2026 EPS to $0.57 from $0.60, first-quarter 2027 EPS to $0.55 from $0.59, second-quarter 2027 EPS to $0.40 from $0.48, and third-quarter 2027 EPS to $0.50 from $0.55.
• Negative Sentiment: The firm also reduced its full-year 2027 EPS estimate to $2.07 from $2.28 and its 2028 forecast to $2.67 from $2.86. These revisions suggest analysts see weaker near- to medium-term earnings growth than previously expected and are likely the main reason the stock has decreased.

Williams Companies Trading Up 0.3%

NYSE WMB opened at $70.71 on Monday. The company has a market capitalization of $86.49 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. Williams Companies, Inc. has a 12 month low of $56.08 and a 12 month high of $80.07. The company's fifty day moving average price is $73.38 and its two-hundred day moving average price is $73.18.

Williams Companies (NYSE:WMB - Get Free Report) last released 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 net margin of 25.17% and a return on equity of 18.49%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. The company's 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. As a group, research analysts predict that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio (DPR) is currently 83.67%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMB. Citigroup upped their price target on Williams Companies from $81.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $89.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. TD Cowen upped their target price on shares of Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Scotiabank raised their target price 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 equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Williams Companies currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source