Main Street Financial Solutions LLC Acquires New Position in Williams Companies, Inc. (The) $WMB

Key Points

• Main Street Financial Solutions acquired 21,009 shares of Williams Companies in the second quarter, worth approximately $1.56 million. Institutional investors collectively own 86.44% of the company.
• Williams Companies reported quarterly revenue of $3.05 billion, up 9.8% year over year, and earnings per share of $0.50, in line with analyst expectations.
• The company declared a quarterly dividend of $0.525 per share, equivalent to an annualized $2.10 payout and a 2.8% yield. Analysts maintain a consensus “Buy” rating with an average price target of $85.60.

Main Street Financial Solutions LLC bought a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,009 shares of the pipeline company's stock, valued at approximately $1,562,000.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Williams Companies in the fourth quarter worth approximately $747,749,000. BROOKFIELD Corp ON raised its position in shares of Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company's stock valued at $755,490,000 after purchasing an additional 7,884,730 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Williams Companies during the 2nd quarter valued at $354,184,000. Clearbridge Investments LLC boosted its holdings in Williams Companies by 21.3% in the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company's stock worth $1,281,875,000 after buying an additional 3,748,126 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Williams Companies by 295.7% in the 4th quarter. Victory Capital Management Inc. now owns 4,446,915 shares of the pipeline company's stock worth $268,723,000 after buying an additional 3,323,012 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Activity

In other 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 transaction of $973,310.00. Following the completion of the transaction, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 owned by corporate insiders.

Williams Companies Trading Up 2.5%

Shares of Williams Companies stock opened at $75.25 on Wednesday. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The business has a 50-day moving average price of $73.38 and a 200-day moving average price of $73.07. The firm has a market cap of $92.05 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.58 and a beta of 0.59.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS 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 company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities research analysts anticipate that Williams Companies, Inc. will post 2.43 EPS for the current fiscal year.

Williams Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on WMB. Truist Financial raised 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. Morgan Stanley increased 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. Royal Bank Of Canada lifted their target price on Williams Companies from $83.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Jefferies Financial Group lowered their price target on Williams Companies from $87.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Finally, Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $85.60.

About Williams Companies

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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