Williams Companies, Inc. (The) $WMB Stock Holdings Lessened by Kinsale Capital Group Inc.

Key Points

• Kinsale Capital Group reduced its Williams Companies stake by 29% in the second quarter, selling 63,130 shares and retaining 154,489 shares valued at approximately $11.5 million. Institutional investors collectively own 86.44% of WMB.
• Analysts maintain a generally positive outlook, with a consensus “Buy” rating and an average price target of $85.33, above the reported share price of $75.04.
• Williams Companies met quarterly earnings expectations at $0.50 per share while revenue rose 9.8% year over year to $3.05 billion. The company also declared a quarterly dividend of $0.525, equivalent to a 2.8% annualized yield.

Kinsale Capital Group Inc. reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,489 shares of the pipeline company's stock after selling 63,130 shares during the quarter. Williams Companies makes up approximately 1.5% of Kinsale Capital Group Inc.'s portfolio, making the stock its 26th largest position. Kinsale Capital Group Inc.'s holdings in Williams Companies were worth $11,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Brighton Jones LLC increased its stake in Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after buying an additional 3,969 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Williams Companies by 5.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,635 shares of the pipeline company's stock valued at $291,000 after buying an additional 242 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Williams Companies by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 568,928 shares of the pipeline company's stock valued at $35,734,000 after acquiring an additional 11,926 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Williams Companies by 3.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 10,248 shares of the pipeline company's stock valued at $644,000 after acquiring an additional 296 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of Williams Companies by 160.1% in the second quarter. Ieq Capital LLC now owns 165,035 shares of the pipeline company's stock worth $10,366,000 after acquiring an additional 101,574 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WMB shares. Canadian Imperial Bank of Commerce increased their price objective on Williams Companies from $83.00 to $85.00 and gave the stock an "outperformer" rating in a report on Tuesday, May 26th. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a research report on Tuesday, July 14th. Barclays raised their price target on Williams Companies from $73.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Williams Companies in a research note on Wednesday, June 24th. Finally, Stifel Nicolaus raised their price objective on shares of Williams Companies from $78.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. 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. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $85.33.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $75.04 on Friday. The business's 50-day simple moving average is $73.27 and its 200-day simple moving average is $72.90. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week high of $80.07. The firm has a market cap of $91.79 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.77 and a beta of 0.58.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $3.05 billion during 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 revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, equities research analysts expect that Williams Companies, Inc. will post 2.43 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $70.65, for a total transaction 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 approximately $19,863,883.35. This represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

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.

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