Pinnacle West Asset Management Inc. Invests $3.74 Million in Williams Companies, Inc. (The) $WMB

Pinnacle West Asset Management Inc. bought a new position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,294 shares of the pipeline company's stock, valued at approximately $3,739,000. Williams Companies makes up about 2.6% of Pinnacle West Asset Management Inc.'s investment portfolio, making the stock its 10th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Apella Capital LLC grew its position in Williams Companies by 2.3% in the second quarter. Apella Capital LLC now owns 5,988 shares of the pipeline company's stock worth $450,000 after buying an additional 134 shares during the last quarter. Mirador Capital Partners LP lifted its position in shares of Williams Companies by 0.9% during the 2nd quarter. Mirador Capital Partners LP now owns 16,153 shares of the pipeline company's stock valued at $1,201,000 after acquiring an additional 140 shares during the last quarter. Aletheian Wealth Advisors LLC lifted its position in shares of Williams Companies by 3.8% during the 2nd quarter. Aletheian Wealth Advisors LLC now owns 3,830 shares of the pipeline company's stock valued at $285,000 after acquiring an additional 140 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake in shares of Williams Companies by 2.4% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,000 shares of the pipeline company's stock worth $361,000 after acquiring an additional 141 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Williams Companies by 5.2% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,986 shares of the pipeline company's stock worth $222,000 after acquiring an additional 148 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $70.71 on Friday. The company's fifty day moving average is $73.38 and its two-hundred day moving average is $73.13. 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 12-month low of $56.08 and a 12-month high of $80.07. The company has a market cap of $86.49 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities analysts expect that Williams Companies, Inc. will post 2.48 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio is currently 83.67%.

Analysts Set New Price Targets

WMB has been the topic of a number of recent analyst reports. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a research report on Tuesday, July 14th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Stifel Nicolaus lifted their price target on Williams Companies from $78.00 to $83.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Jefferies Financial Group cut their price objective 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, Canadian Imperial Bank of Commerce upped their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the company an "outperformer" rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of "Buy" and a consensus price target of $85.60.

Williams Companies News Summary

Here are the key news stories impacting Williams Companies this week:

• Positive Sentiment: Morgan Stanley raised its price target for Williams Companies to $103, signaling substantial potential upside from recent trading levels and providing a constructive counterpoint to the earnings estimate cuts. Morgan Stanley Increases Williams Companies Price Target to $103
• Neutral Sentiment: The company’s latest reported quarter was solid: Williams earned $0.50 per share, matching consensus, while revenue of $3.05 billion exceeded expectations and increased 9.8% year over year. Its fee-based pipeline operations provide relatively stable cash flows.
• Negative Sentiment: US Capital Advisors lowered its EPS forecasts across several periods, including fourth-quarter 2026 EPS to $0.57 from $0.60, first-quarter 2027 EPS to $0.55 from $0.59, second-quarter 2027 EPS to $0.40 from $0.48, and third-quarter 2027 EPS to $0.50 from $0.55.
• Negative Sentiment: The firm also reduced its full-year 2027 EPS estimate to $2.07 from $2.28 and its 2028 forecast to $2.67 from $2.86. These revisions suggest analysts see weaker near- to medium-term earnings growth than previously expected and are likely the main reason the stock has decreased.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 17,000 shares of company stock worth $1,262,930. Company 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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