Global Retirement Partners LLC Takes $4.79 Million Position in Williams Companies, Inc. (The) $WMB

Key Points

• Global Retirement Partners purchased 64,390 Williams Companies shares worth approximately $4.79 million, joining institutional investors that collectively own 86.44% of WMB.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $85.33; recent targets range from $83 to $99.
• Williams Companies matched quarterly EPS expectations at $0.50, while revenue rose 9.8% year over year to $3.05 billion. The company also declared a quarterly dividend of $0.525, representing a 2.8% annualized yield.

Global Retirement Partners LLC purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 64,390 shares of the pipeline company's stock, valued at approximately $4,787,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Williams Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company's stock valued at $8,052,537,000 after purchasing an additional 883,245 shares during the last quarter. State Street Corp raised its stake in shares of Williams Companies by 1.9% during the 4th quarter. State Street Corp now owns 67,981,106 shares of the pipeline company's stock worth $4,086,344,000 after purchasing an additional 1,296,991 shares during the period. Bank of America Corp DE boosted its holdings in shares of Williams Companies by 4.8% in the 4th quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company's stock worth $2,768,298,000 after buying an additional 2,100,164 shares during the last quarter. Morgan Stanley grew its position in Williams Companies by 11.0% during the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company's stock valued at $2,018,017,000 after buying an additional 3,314,851 shares during the period. Finally, Clearbridge Investments LLC grew its position in Williams Companies by 21.3% during the fourth quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company's stock valued at $1,281,875,000 after buying an additional 3,748,126 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMB has been the topic of several research reports. Truist Financial lifted their price objective on shares of Williams Companies from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. TD Cowen increased their target price 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. Jefferies Financial Group decreased their price target on shares of Williams Companies from $87.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Stifel Nicolaus lifted their price target on shares of Williams Companies from $78.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Finally, Morgan Stanley upped their price objective on Williams Companies from $98.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Three research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $85.33.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total transaction of $141,300.00. Following the sale, the senior vice president owned 281,159 shares of the company's stock, valued at $19,863,883.35. The trade was a 0.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by insiders.

Williams Companies Price Performance

NYSE WMB opened at $75.04 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The company has a market cap of $91.79 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $80.07. The firm's 50-day simple moving average is $73.27 and its two-hundred day simple moving average is $72.96.

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 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 firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $0.46 earnings per share. 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. Research analysts predict that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors 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 yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies's payout ratio is currently 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