Csenge Advisory Group Purchases New Position in Williams Companies, Inc. (The) $WMB

Key Points

• Csenge Advisory Group purchased 75,768 Williams Companies shares worth approximately $5.6 million in the second quarter. Institutional investors collectively own 86.44% of WMB’s outstanding stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $85.60, compared with the stock’s opening price of $73.25.
• Williams reported quarterly EPS of $0.50, in line with estimates, while revenue of $3.05 billion exceeded expectations. The company also declared a quarterly dividend of $0.525 per share, representing a 2.9% annualized yield.

Csenge Advisory Group purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 75,768 shares of the pipeline company's stock, valued at approximately $5,633,000.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMB. Barclays lifted their price target on Williams Companies from $73.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 8th. Royal Bank Of Canada increased their price objective on Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Jefferies Financial Group lowered their price objective on Williams Companies from $87.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company upped 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. Finally, Stifel Nicolaus increased their price target on shares of Williams Companies from $78.00 to $83.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Three 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $85.60.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were 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. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 17,000 shares of company stock worth $1,262,930 in the last 90 days. Corporate insiders own 0.47% of the company's stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $73.25 on Thursday. The business has a fifty day moving average price of $73.40 and a 200-day moving average price of $73.11. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The company has a market capitalization of $89.60 billion, a PE ratio of 29.18, a PEG ratio of 1.52 and a beta of 0.58. Williams Companies, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The company had revenue of $3.05 billion for 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%. Williams Companies's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, equities analysts expect that Williams Companies, Inc. will post 2.52 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. Williams Companies's dividend 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.

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