Kingsview Wealth Management LLC Buys New Stake in Williams Companies, Inc. (The) $WMB

Key Points

• Kingsview Wealth Management initiated a position in Williams Companies by purchasing 108,059 shares valued at approximately $8.0 million. Institutional investors collectively own 86.44% of the company.
• Analysts remain broadly positive, with Williams receiving an average “Buy” rating and an average price target of $85.60, above its reported opening price of $73.75.
• Williams reported quarterly EPS of $0.50, in line with estimates, while revenue of $3.05 billion exceeded forecasts. The company also declared a quarterly dividend of $0.525 per share, representing a 2.8% yield.

Kingsview Wealth Management LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 108,059 shares of the pipeline company's stock, valued at approximately $8,033,000.

A number of other hedge funds also recently bought and sold shares of the business. Main Street Group LTD purchased a new position in shares of Williams Companies in the 1st quarter worth $26,000. Allied Private Wealth LLC purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $28,000. Bayforest Capital Ltd bought a new position in shares of Williams Companies in the 2nd quarter valued at about $28,000. Frazier Financial Advisors LLC grew its position in Williams Companies by 59.4% in the first 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 in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $74.87, for a total value of $973,310.00. Following the completion of the sale, the senior vice president directly owned 268,159 shares in the company, valued at $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 17,000 shares of company stock worth $1,262,930. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMB has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce upped their price objective on Williams Companies from $83.00 to $85.00 and gave the company an "outperformer" rating in a research report on Tuesday, May 26th. Citigroup boosted their target price on Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their price target on Williams Companies from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Morgan Stanley raised their price target 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, The Goldman Sachs Group reiterated a "buy" rating and set a $82.00 price objective on shares of Williams Companies in a research report on Tuesday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $85.60.

Williams Companies Trading Down 0.6%

Shares of WMB opened at $73.75 on Friday. The firm has a market capitalization of $90.21 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.54 and a beta of 0.58. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. Williams Companies, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07. The company has a 50-day moving average of $73.46 and a 200 day moving average of $73.33.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, research analysts expect that Williams Companies, Inc. will post 2.45 EPS for the current year.

Williams Companies Announces Dividend

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

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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