Williams Companies, Inc. (The) $WMB Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management increased its Williams Companies stake by 43.4% in the second quarter, purchasing 10.01 million additional shares and bringing its holdings to 33.1 million shares, or about 2.71% of the company. Institutional investors collectively own 86.44% of WMB.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $85.60, above the stock’s reported $73.75 opening price.
• Williams reported quarterly earnings of $0.50 per share on $3.05 billion in revenue, while maintaining a quarterly dividend of $0.525 per share, equivalent to a 2.8% annualized yield.

Wellington Management Group LLP lifted its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 43.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,097,208 shares of the pipeline company's stock after buying an additional 10,013,946 shares during the quarter. Wellington Management Group LLP owned approximately 2.71% of Williams Companies worth $2,460,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp acquired a new position in shares of Williams Companies during the 2nd quarter worth about $64,000. Kingsview Wealth Management LLC purchased a new position in shares of Williams Companies during the second quarter worth about $8,033,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Williams Companies during the second quarter worth about $16,425,000. Kimelman & Baird LLC acquired a new stake in shares of Williams Companies during the second quarter worth about $74,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Williams Companies in the 2nd quarter valued at about $331,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total value of $973,310.00. Following the sale, the senior vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 17,000 shares of company stock worth $1,262,930. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

WMB has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Williams Companies from $78.00 to $83.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. TD Cowen boosted their price objective on Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Wells Fargo & Company lifted their target price on shares of Williams Companies from $89.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Truist Financial upped their price target on shares of Williams Companies from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $85.60.

Williams Companies Stock Performance

Shares of WMB opened at $73.75 on Friday. The company has a 50-day simple moving average of $73.46 and a 200-day simple moving average of $73.33. Williams Companies, Inc. has a 52-week low of $56.08 and a 52-week high of $80.07. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $90.21 billion, a PE ratio of 29.38, a P/E/G ratio of 1.54 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced 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 2.8%. Williams Companies's payout ratio is presently 83.67%.

About Williams Companies

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