Parr Mcknight Wealth Management Group LLC Buys 35,119 Shares of Williams Companies, Inc. (The) $WMB

Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 119.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,434 shares of the pipeline company's stock after buying an additional 35,119 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Williams Companies were worth $4,790,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WMB. Gabelli Funds LLC boosted its holdings in Williams Companies by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company's stock worth $15,689,000 after acquiring an additional 17,900 shares during the last quarter. SIR Capital Management L.P. raised its holdings in shares of Williams Companies by 40.0% in the fourth quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company's stock valued at $31,572,000 after purchasing an additional 150,032 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Williams Companies by 8.9% in the fourth quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company's stock valued at $9,912,000 after purchasing an additional 13,438 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Williams Companies by 56.3% during the fourth quarter. Global Retirement Partners LLC now owns 57,550 shares of the pipeline company's stock valued at $3,459,000 after purchasing an additional 20,740 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in shares of Williams Companies by 688.5% during the first quarter. Mediolanum International Funds Ltd now owns 479,126 shares of the pipeline company's stock valued at $34,722,000 after purchasing an additional 418,365 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total transaction of $141,300.00. Following the transaction, the senior vice president owned 281,159 shares of the company's stock, valued at $19,863,883.35. This represents a 0.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup upped their price objective on shares of Williams Companies from $81.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. TD Cowen boosted their target price on Williams Companies from $81.00 to $87.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Stifel Nicolaus upped their target price on Williams Companies from $78.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Finally, Wolfe Research raised Williams Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of "Buy" and a consensus price target of $85.33.

Williams Companies Stock Up 2.7%

Williams Companies stock opened at $75.04 on Friday. The firm has a 50 day moving average price of $73.27 and a 200-day moving average price of $72.90. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07. The company has a market capitalization of $91.79 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.77 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly 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 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 quarter in the previous year, the firm posted $0.46 EPS. Williams Companies's revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, equities analysts predict that Williams Companies, Inc. will post 2.43 EPS for the current year.

Williams Companies Dividend Announcement

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 paid a $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. Williams Companies's payout ratio is presently 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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