NewEdge Advisors LLC Purchases 179,654 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• NewEdge Advisors increased its Williams Companies position by 74.9% in the first quarter, adding 179,654 shares to hold 419,362 shares valued at approximately $30.5 million. Institutional investors collectively own 86.44% of WMB.
• Williams Companies reported quarterly revenue of $3.05 billion, up 9.8% year over year, while adjusted earnings of $0.50 per share matched analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $83.62.
• The company declared a quarterly dividend of $0.525 per share, equivalent to $2.10 annually and a 3.0% yield. Recent filings also showed insiders sold 18,500 shares worth about $1.4 million over the past three months.

NewEdge Advisors LLC lifted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 74.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 419,362 shares of the pipeline company's stock after purchasing an additional 179,654 shares during the period. NewEdge Advisors LLC's holdings in Williams Companies were worth $30,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WMB. Towne Trust Company N.A increased its position in Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company's stock worth $26,000 after buying an additional 162 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $26,000. Motiv8 Investments LLC bought a new position in shares of Williams Companies during the 4th quarter worth approximately $27,000. Clearstead Trust LLC increased its holdings in shares of Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company's stock worth $29,000 after acquiring an additional 186 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Williams Companies in the 4th quarter valued at $29,000. 86.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Williams Companies

In related news, SVP Glen G. Jasek sold 2,500 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $78.15, for a total value of $195,375.00. Following the transaction, the senior vice president owned 54,101 shares in the company, valued at approximately $4,227,993.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.65, for a total value of $141,300.00. Following the completion of the transaction, the senior vice president directly owned 281,159 shares of the company's stock, valued at approximately $19,863,883.35. This trade represents a 0.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,500 shares of company stock valued at $1,402,755 in the last three months. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of Williams Companies from $88.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, July 1st. Stifel Nicolaus lifted their target price on shares of Williams Companies from $78.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Wells Fargo & Company upped their price target on shares of Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $83.62.

Williams Companies Stock Performance

NYSE WMB opened at $70.38 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $86.08 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.79 and a beta of 0.58. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07. The firm has a 50-day moving average price of $73.10 and a two-hundred day moving average price of $72.54.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm earned $0.46 earnings per share. The business'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. Analysts anticipate that Williams Companies, Inc. will post 2.3 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 paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, September 11th. Williams Companies's dividend payout ratio (DPR) is 83.67%.

Williams Companies Company 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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