Public Employees Retirement System of Ohio Buys Shares of 468,139 Williams Companies, Inc. (The) $WMB

Public Employees Retirement System of Ohio purchased a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 468,139 shares of the pipeline company's stock, valued at approximately $34,801,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Group LTD purchased a new position in shares of Williams Companies during the first quarter valued at approximately $26,000. Motiv8 Investments LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new position in Williams Companies in the 2nd quarter valued at $28,000. Bayforest Capital Ltd purchased a new position in shares of Williams Companies during the 2nd quarter worth $28,000. Finally, Clearstead Trust LLC lifted its stake 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 purchasing an additional 186 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMB. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $82.00 price objective on shares of Williams Companies in a research report on Tuesday, July 14th. Wall Street Zen downgraded Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Morgan Stanley raised their price target on Williams Companies from $99.00 to $103.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Citigroup lifted their price target on Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Williams Companies in a research note on Wednesday, June 24th. Three research 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. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $85.60.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the completion of the sale, the senior vice president owned 268,159 shares of the company's stock, valued at $20,077,064.33. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 17,000 shares of company stock worth $1,262,930 over the last 90 days. Insiders own 0.47% of the company's stock.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $73.75 on Friday. The stock has a market capitalization of $90.21 billion, a P/E ratio of 29.38, a PEG ratio of 1.54 and a beta of 0.58. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. The business's fifty day moving average price is $73.46 and its 200 day moving average price is $73.33. Williams Companies, Inc. has a twelve month low of $56.08 and a twelve month high of $80.07.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data 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 last year, the business posted $0.46 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, research analysts anticipate that Williams Companies, Inc. will post 2.45 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, September 28th. Shareholders of record on Friday, September 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source