Transamerica Financial Advisors LLC Buys New Position in Williams Companies, Inc. (The) $WMB

Key Points

• Transamerica Financial Advisors purchased 70,503 Williams Companies shares worth approximately $5.24 million in the second quarter. Institutional investors collectively own 86.44% of WMB, with several major firms also initiating or increasing positions.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $85.60, compared with the stock’s reported opening price of $74.33.
• Williams Companies reported quarterly EPS of $0.50 on $3.05 billion in revenue, with revenue up 9.8% year over year. The company also declared a quarterly dividend of $0.525, equivalent to a 2.8% annualized yield.

Transamerica Financial Advisors LLC 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 70,503 shares of the pipeline company's stock, valued at approximately $5,241,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WMB. Bank of America Corp DE acquired a new position in shares of Williams Companies in the second quarter valued at approximately $3,320,606,000. Norges Bank acquired a new stake in Williams Companies during the fourth quarter worth approximately $747,749,000. Legal & General Group Plc purchased a new stake in Williams Companies in the 2nd quarter worth approximately $596,077,000. BROOKFIELD Corp ON raised its holdings in Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company's stock valued at $755,490,000 after acquiring an additional 7,884,730 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP acquired a new position in Williams Companies in the 2nd quarter valued at $500,305,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMB has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Williams Companies from $88.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. TD Cowen upped their target price on Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Barclays increased their target price on Williams Companies from $73.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. Citigroup raised their price target on Williams Companies from $81.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company lifted their price target on Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of "Buy" and an average price target of $85.60.

Williams Companies Stock Performance

Williams Companies stock opened at $74.33 on Thursday. The company has a market cap of $90.92 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. Williams Companies, Inc. has a 12 month low of $56.08 and a 12 month high of $80.07. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The stock's 50-day moving average is $73.42 and its 200-day moving average is $73.28.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations 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 previous year, the business earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities analysts anticipate that Williams Companies, Inc. will post 2.45 earnings per share for the current year.

Williams Companies Dividend Announcement

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

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the company's stock in a transaction on Friday, August 14th. The shares were 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 of the company's stock, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 17,000 shares of company stock worth $1,262,930. Insiders own 0.47% of the company's stock.

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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