Edmond DE Rothschild Holding S.A. Buys New Position in Williams Companies, Inc. (The) $WMB

Key Points

• Edmond DE Rothschild Holding purchased 61,955 shares of Williams Companies in the second quarter, worth approximately $4.6 million. Institutional investors collectively own 86.44% of WMB.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $85.60, despite one downgrade to “Sell.”
• Williams reported quarterly revenue of $3.05 billion, up 9.8% year over year, while meeting the $0.50 EPS estimate. The company also declared a quarterly dividend of $0.525, representing a 2.9% annualized yield.

Edmond DE Rothschild Holding S.A. purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,955 shares of the pipeline company's stock, valued at approximately $4,606,000.

A number of other large investors have also modified their holdings of WMB. Main Street Group LTD acquired a new position in shares of Williams Companies during the first quarter valued at about $26,000. Motiv8 Investments LLC acquired a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new stake in Williams Companies during the 2nd quarter worth approximately $28,000. Bayforest Capital Ltd purchased a new stake in Williams Companies during the 2nd quarter worth approximately $28,000. Finally, Clearstead Trust LLC increased its stake in Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

WMB has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their price objective on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Scotiabank raised their target price on Williams Companies from $85.00 to $86.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, May 12th. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Canadian Imperial Bank of Commerce boosted their price target on Williams Companies from $83.00 to $85.00 and gave the company an "outperformer" rating in a research note on Tuesday, May 26th. Finally, Barclays increased their price objective on Williams Companies from $73.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, July 8th. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $85.60.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the firm's 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 sale, the senior vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 17,000 shares of company stock worth $1,262,930 over the last quarter. 0.47% of the stock is owned by company insiders.

Williams Companies Stock Down 2.5%

NYSE:WMB opened at $73.25 on Thursday. 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's fifty day moving average price is $73.40 and its 200-day moving average price is $73.11. Williams Companies, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07. The firm has a market capitalization of $89.60 billion, a P/E ratio of 29.18, a PEG ratio of 1.52 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, equities research analysts anticipate that Williams Companies, Inc. will post 2.52 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be paid a $0.525 dividend. 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%.

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