Jupiter Topco LLC Takes $9.87 Million Position in Williams Companies, Inc. (The) $WMB

Key Points

• Jupiter Topco LLC acquired 132,745 shares of Williams Companies worth approximately $9.87 million in the second quarter. Several other hedge funds also initiated positions, and institutional investors now own 86.44% of the stock.
• Williams reported quarterly EPS of $0.50, matching analyst expectations, while revenue of $3.05 billion exceeded estimates and rose 9.8% year over year. Analysts maintain a broadly positive view, with a consensus “Buy” rating and an average price target of $85.60.
• The company declared a quarterly dividend of $0.525 per share, equivalent to $2.10 annually and a 2.8% yield. An insider separately sold 13,000 shares for approximately $973,310.

Jupiter Topco LLC bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 132,745 shares of the pipeline company's stock, valued at approximately $9,868,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Wedbush Fund Advisers LLC bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $695,000. J. Goldman & Co LP bought a new position in Williams Companies during the second quarter worth $1,047,000. Hsbc Holdings PLC bought a new stake in Williams Companies in the second quarter valued at $194,429,000. Delos Wealth Advisors LLC bought a new stake in Williams Companies in the second quarter valued at $54,000. Finally, Castleark Management LLC acquired a new position in shares of Williams Companies during the second quarter valued at about $9,796,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE WMB opened at $73.75 on Monday. The stock has a market cap of $90.21 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. Williams Companies, Inc. has a fifty-two week low of $56.08 and a fifty-two week high of $80.07. The firm's 50-day simple moving average is $73.46 and its 200 day simple moving average is $73.37.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates 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 previous year, the company posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, research analysts anticipate that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, September 11th. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies's dividend payout ratio is 83.67%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction 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 trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 17,000 shares of company stock valued at $1,262,930. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WMB shares. Wells Fargo & Company raised their target price on Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. UBS Group reiterated a "buy" rating on shares of Williams Companies in a report on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on Williams Companies from $83.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Morgan Stanley upped their target price on Williams Companies from $99.00 to $103.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Williams Companies in a report on Wednesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.

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