United Capital Financial Advisors LLC Acquires New Position in Williams Companies, Inc. (The) $WMB

Key Points

• United Capital Financial Advisors acquired 24,353 Williams Companies shares worth approximately $1.81 million during the second quarter. Institutional investors collectively own 86.44% of WMB.
• Williams reported quarterly EPS of $0.50, in line with estimates, while revenue of $3.05 billion exceeded expectations and rose 9.8% year over year.
• The company declared a quarterly dividend of $0.525 per share, equivalent to a 2.8% annualized yield. Analysts maintain a consensus “Buy” rating with an average price target of $85.60.

United Capital Financial Advisors LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 24,353 shares of the pipeline company's stock, valued at approximately $1,810,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC bought a new position in Williams Companies during the second quarter valued at approximately $15,277,000. Cynosure Group LLC bought a new stake in Williams Companies in the second quarter worth approximately $647,000. Ieq Capital LLC bought a new stake in Williams Companies in the second quarter worth approximately $2,504,000. Gabelli Funds LLC increased its stake in shares of 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 purchasing an additional 17,900 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Williams Companies during the 2nd quarter worth $77,998,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the sale, the senior vice president directly owned 268,159 shares of the company's stock, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 17,000 shares of company stock worth $1,262,930 in the last three months. 0.47% of the stock is owned by company insiders.

Williams Companies Trading Down 0.6%

Williams Companies stock opened at $73.75 on Friday. The business has a 50 day moving average price of $73.46 and a two-hundred day moving average price of $73.33. 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 stock has a market cap of $90.21 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data 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 business had revenue of $3.05 billion for 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%.Williams Companies's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. 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 2.45 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies's payout ratio is presently 83.67%.

Analysts Set New Price Targets

Several research firms recently issued reports on WMB. TD Cowen lifted their price objective on shares of Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Morgan Stanley raised their target price on Williams Companies from $99.00 to $103.00 and gave the company an "overweight" rating in a report on Tuesday, August 18th. The Goldman Sachs Group reissued a "buy" rating and issued a $82.00 price objective on shares of Williams Companies in a research note on Tuesday, July 14th. Finally, Scotiabank boosted their target price on Williams Companies from $85.00 to $86.00 and gave the stock a "sector outperform" rating in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $85.60.

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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