Trivium Point Advisory LLC boosted its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 263.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197,545 shares of the pipeline company's stock after buying an additional 143,127 shares during the quarter. Williams Companies makes up 1.3% of Trivium Point Advisory LLC's investment portfolio, making the stock its 17th largest holding. Trivium Point Advisory LLC's holdings in Williams Companies were worth $14,686,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of WMB. Old West Investment Management LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth $572,000. Continuum Advisory LLC lifted its position in shares of Williams Companies by 0.7% during the second quarter. Continuum Advisory LLC now owns 56,508 shares of the pipeline company's stock valued at $4,201,000 after purchasing an additional 373 shares in the last quarter. Argent Trust Co lifted its position in shares of Williams Companies by 1.1% during the second quarter. Argent Trust Co now owns 99,816 shares of the pipeline company's stock valued at $7,420,000 after purchasing an additional 1,082 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Williams Companies during the second quarter worth about $4,787,000. Finally, SCS Capital Management LLC boosted its holdings in Williams Companies by 17.3% during the second quarter. SCS Capital Management LLC now owns 7,768 shares of the pipeline company's stock worth $577,000 after purchasing an additional 1,144 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.
Williams Companies Stock Performance
Shares of WMB stock opened at $75.04 on Monday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. The firm has a market cap of $91.79 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.58 and a beta of 0.59. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $80.07. The firm's 50-day simple moving average is $73.27 and its two-hundred day simple moving average is $72.96.
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 for the quarter, meeting analysts' consensus estimates of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm earned $0.46 EPS. The company's 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, equities analysts forecast that Williams Companies, Inc. will post 2.43 earnings per share for the current year.
Williams Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies's dividend payout ratio is 83.67%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on WMB shares. Wells Fargo & Company increased their price objective on shares of Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on Williams Companies from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Morgan Stanley increased their price target on Williams Companies from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. UBS Group reiterated a "buy" rating on shares of Williams Companies in a report on Tuesday, July 14th. Finally, Citigroup upped their price objective on Williams Companies from $81.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Williams Companies has a consensus rating of "Buy" and a consensus price target of $85.33.
Read Our Latest Stock Analysis on Williams Companies
Insider Transactions at Williams Companies
In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total value of $141,300.00. Following the completion of the sale, the senior vice president directly owned 281,159 shares of the company's stock, valued at $19,863,883.35. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is owned by corporate insiders.
About Williams Companies
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB - Free Report).
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