Williams Companies, Inc. (The) $WMB Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Williams Companies position by 7.6% in the second quarter, adding 347,119 shares to own 4.92 million shares valued at approximately $365.6 million. Institutional investors collectively own 86.44% of WMB.
• Analyst sentiment remains broadly positive, with an average “Buy” rating and a consensus price target of $85.94, despite one downgrade to “Sell.” Recent firms initiating or reiterating bullish coverage set price targets between $84 and $103.
• Williams reported quarterly EPS of $0.50, matching estimates, while revenue rose 9.8% year over year to $3.05 billion. The company declared a quarterly dividend of $0.525 per share, equivalent to a 3.0% annual yield.

Envestnet Asset Management Inc. raised its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,917,318 shares of the pipeline company's stock after acquiring an additional 347,119 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.40% of Williams Companies worth $365,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in Williams Companies in the first quarter valued at $26,000. Allied Private Wealth LLC acquired a new stake in Williams Companies in the second quarter valued at $28,000. Bayforest Capital Ltd purchased a new stake in Williams Companies during the 2nd quarter worth about $28,000. Cornerstone Financial Management LLC lifted its holdings in Williams Companies by 56.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 386 shares of the pipeline company's stock worth $29,000 after buying an additional 139 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its position in shares of Williams Companies by 216.8% during the 4th quarter. First Command Advisory Services Inc. now owns 491 shares of the pipeline company's stock worth $30,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Wilson sold 2,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.56, for a total value of $151,120.00. Following the completion of the sale, the senior vice president owned 264,259 shares in the company, valued at approximately $19,967,410.04. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 19,000 shares of company stock valued at $1,414,050. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of recent analyst reports. UBS Group reiterated a "buy" rating on shares of Williams Companies in a report on Tuesday, July 14th. Melius Research assumed coverage on Williams Companies in a report on Tuesday. They issued a "buy" rating and a $84.00 price target for the company. Stifel Nicolaus started coverage on shares of Williams Companies in a research note on Thursday, September 10th. They issued a "buy" rating and a $85.00 price target on the stock. Wall Street Zen cut shares of Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Morgan Stanley boosted their price objective on shares of Williams Companies from $99.00 to $103.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $85.94.

Williams Companies Stock Performance

NYSE WMB opened at $71.07 on Thursday. 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 52-week low of $56.19 and a 52-week high of $80.07. The business's 50-day moving average price is $72.82 and its 200 day moving average price is $73.37. The firm has a market cap of $86.93 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.49 and a beta of 0.59.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, equities research analysts expect that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Dividend Announcement

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 given a dividend of $0.525 per share. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. Williams Companies's dividend payout ratio is presently 83.67%.

Williams Companies Company Profile

Williams Companies, Inc is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas and natural gas liquids. The company provides the infrastructure and related services that connect natural gas supplies with utilities, power generators, industrial customers, liquefied natural gas facilities and other markets.

Williams operates a large network of interstate and regional natural gas pipelines, gathering systems, processing facilities and storage assets across the United States.

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