Legato Capital Management LLC Takes $877,000 Position in Williams Companies, Inc. (The) $WMB

Legato Capital Management LLC purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,595 shares of the pipeline company's stock, valued at approximately $877,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMB. Brighton Jones LLC increased its stake in Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after buying an additional 3,969 shares during the period. Sivia Capital Partners LLC increased its stake in Williams Companies by 5.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company's stock worth $291,000 after buying an additional 242 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Williams Companies by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company's stock worth $35,734,000 after purchasing an additional 11,926 shares during the last quarter. Main Street Financial Solutions LLC increased its position in shares of Williams Companies by 3.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company's stock worth $644,000 after purchasing an additional 296 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Williams Companies by 160.1% in the 2nd quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company's stock worth $10,366,000 after purchasing an additional 101,574 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Williams Companies Trading Down 0.1%

NYSE WMB opened at $78.41 on Tuesday. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The company has a 50-day simple moving average of $73.74 and a 200-day simple moving average of $67.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market capitalization of $95.78 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.63 by $0.10. Williams Companies had a net margin of 23.39% and a return on equity of 18.34%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the business posted $0.60 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, equities analysts forecast that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.7%. Williams Companies's payout ratio is 92.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WMB shares. Zacks Research raised shares of Williams Companies from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Williams Companies from a "sell" rating to a "hold" rating in a research report on Sunday, April 5th. TD Cowen boosted their target price on shares of Williams Companies from $81.00 to $87.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group raised shares of Williams Companies from a "neutral" rating to a "buy" rating and set a $82.00 target price for the company in a research report on Monday, April 20th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $81.00.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 10,107 shares of Williams Companies stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $74.91, for a total value of $757,115.37. Following the completion of the transaction, the chief accounting officer directly owned 17,230 shares of the company's stock, valued at approximately $1,290,699.30. The trade was a 36.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Dean Porter sold 50,000 shares of Williams Companies stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the completion of the transaction, the chief financial officer directly owned 196,567 shares of the company's stock, valued at $14,815,254.79. This trade represents a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 90,869 shares of company stock worth $6,845,227. Corporate insiders own 0.47% of the company's stock.

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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