Hsbc Holdings PLC Acquires New Position in Williams Companies, Inc. (The) $WMB

Key Points

• HSBC Holdings PLC acquired 2.61 million shares of Williams Companies during the second quarter, valued at approximately $194.4 million and representing about 0.21% of the company. Institutional investors collectively own 86.44% of WMB.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $85.60. Several firms recently raised their targets to between $85 and $88.
• Williams reported second-quarter revenue of $3.05 billion and EPS of $0.50, while declaring a quarterly dividend of $0.525 per share, equivalent to a 3.0% annualized yield.

Hsbc Holdings PLC bought a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,611,216 shares of the pipeline company's stock, valued at approximately $194,429,000. Hsbc Holdings PLC owned approximately 0.21% of Williams Companies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WMB. Main Street Group LTD bought a new stake in Williams Companies during the 1st quarter valued at $26,000. Allied Private Wealth LLC bought a new stake in shares of Williams Companies in the second quarter valued at about $28,000. Bayforest Capital Ltd purchased a new stake in Williams Companies in the second quarter worth about $28,000. Frazier Financial Advisors LLC grew its holdings in Williams Companies by 59.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company's stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in Williams Companies during the 4th quarter valued at about $27,000. Institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

WMB has been the topic of a number of recent research reports. UBS Group reiterated a "buy" rating on shares of Williams Companies in a research note on Tuesday, July 14th. Scotiabank boosted their price objective on shares of Williams Companies from $85.00 to $86.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce upped their target price on Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a report on Tuesday, May 26th. Truist Financial lifted their price target on Williams Companies from $84.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted their price target on Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $85.60.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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

NYSE WMB opened at $71.00 on Wednesday. The firm's fifty day simple moving average is $73.36 and its two-hundred day simple moving average is $73.23. The firm has a market capitalization of $86.84 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.48 and a beta of 0.58. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12-month low of $56.08 and a 12-month high of $80.07.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the firm earned $0.46 EPS. The business's quarterly 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. Analysts forecast that Williams Companies, Inc. will post 2.45 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm 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 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 3.0%. Williams Companies's 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.

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