J. Goldman & Co LP Buys New Position in Williams Companies, Inc. (The) $WMB

J. Goldman & Co LP bought a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 14,080 shares of the pipeline company's stock, valued at approximately $1,047,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMB. Hsbc Holdings PLC purchased a new position in Williams Companies during the second quarter valued at $194,429,000. Delos Wealth Advisors LLC bought a new position in Williams Companies in the 2nd quarter valued at approximately $54,000. Castleark Management LLC bought a new position in shares of Williams Companies during the second quarter valued at $9,796,000. Nicholas Investment Partners LP purchased a new position in Williams Companies in the 2nd quarter worth about $9,149,000. Finally, Legal & General Group Plc bought a new position in Williams Companies during the 2nd quarter valued at about $596,077,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Williams Companies Price Performance

WMB stock opened at $74.33 on Thursday. Williams Companies, Inc. has a 12 month low of $56.08 and a 12 month high of $80.07. The company has a 50-day moving average price of $73.42 and a 200 day moving average price of $73.28. 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. 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 (NYSE:WMB - Get Free Report) last issued its quarterly 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. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's payout ratio is 83.67%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total value of $973,310.00. Following the transaction, the senior vice president owned 268,159 shares of the company's stock, valued at $20,077,064.33. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 17,000 shares of company stock valued at $1,262,930 over the last quarter. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMB has been the topic of several research analyst reports. Truist Financial increased 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. Wall Street Zen downgraded shares of Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a research note on Tuesday, July 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Williams Companies in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $82.00 price target on shares of Williams Companies 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $85.60.

Williams Companies 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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