Freestone Grove Partners LP Purchases New Shares in Williams Companies, Inc. (The) $WMB

Key Points

• Freestone Grove Partners acquired 649,032 Williams Companies shares worth approximately $48.25 million, while institutional investors and hedge funds collectively own 86.44% of WMB.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $85.60 versus the stock’s reported $74.33 price.
• Williams reported quarterly revenue of $3.05 billion, up 9.8% year over year, and EPS of $0.50 in line with estimates. The company also declared a $0.525 quarterly dividend, representing a 2.8% annualized yield.

Freestone Grove Partners LP acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 649,032 shares of the pipeline company's stock, valued at approximately $48,249,000. Freestone Grove Partners LP owned approximately 0.05% of Williams Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of WMB. Cynosure Group LLC acquired a new position in Williams Companies during the second quarter worth $647,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Williams Companies in the 2nd quarter worth $15,277,000. Gabelli Funds LLC raised its holdings in shares of Williams Companies by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company's stock worth $15,689,000 after acquiring an additional 17,900 shares during the period. SIR Capital Management L.P. raised its holdings in shares of Williams Companies by 40.0% during the 4th quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company's stock worth $31,572,000 after acquiring an additional 150,032 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of Williams Companies during the 2nd quarter valued at about $2,504,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. The Goldman Sachs Group reiterated a "buy" rating and issued a $82.00 target price on shares of Williams Companies in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce raised their price target on shares of Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a report on Tuesday, May 26th. Finally, TD Cowen lifted their price target on shares of Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $85.60.

Williams Companies Stock Performance

NYSE WMB opened at $74.33 on Thursday. The stock has a fifty day simple moving average of $73.42 and a 200-day simple moving average of $73.28. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. The stock has a market cap of $90.92 billion, a PE ratio of 29.61, 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.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the firm earned $0.46 EPS. Williams Companies'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. Equities analysts anticipate that Williams Companies, Inc. will post 2.45 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently declared 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's payout ratio is 83.67%.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the company'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 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 represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is currently owned by insiders.

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.

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