Williams Companies, Inc. (The) $WMB Stock Holdings Lifted by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments increased its Williams Companies stake by 4.5% in the third quarter, bringing its holdings to 946,256 shares valued at approximately $64.3 million. Institutional investors collectively own 86.44% of WMB.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and an average price target of $86.06, above the stock’s reported $71.75 price.
• Williams reported quarterly EPS of $0.50, matching estimates, while revenue rose 9.8% year over year to $3.05 billion. Separately, an executive sold 13,000 shares, and insiders have sold 19,000 shares worth about $1.4 million over the past 90 days.

Miller Howard Investments Inc. NY lifted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 946,256 shares of the pipeline company's stock after buying an additional 40,322 shares during the quarter. Williams Companies makes up about 1.7% of Miller Howard Investments Inc. NY's holdings, making the stock its 15th largest position. Miller Howard Investments Inc. NY owned about 0.08% of Williams Companies worth $64,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WMB. Leo Wealth LLC purchased a new position in Williams Companies during the 3rd quarter valued at about $206,000. Banque Pictet & Cie SA increased its stake in shares of Williams Companies by 2,336.6% during the 3rd quarter. Banque Pictet & Cie SA now owns 87,716 shares of the pipeline company's stock worth $5,962,000 after purchasing an additional 84,116 shares in the last quarter. James T. Borello RIA purchased a new position in shares of Williams Companies during the 3rd quarter worth approximately $27,000. YANKCOM Partnership increased its stake in shares of Williams Companies by 3.2% during the 3rd quarter. YANKCOM Partnership now owns 26,174 shares of the pipeline company's stock worth $1,779,000 after purchasing an additional 822 shares in the last quarter. Finally, Perpetual Ltd raised its position in shares of Williams Companies by 45.1% during the 3rd quarter. Perpetual Ltd now owns 10,743 shares of the pipeline company's stock worth $730,000 after purchasing an additional 3,341 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group reaffirmed a "buy" rating on shares of Williams Companies in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on Williams Companies from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 1st. Capital One Financial assumed coverage on Williams Companies in a report on Tuesday, September 22nd. They issued an "overweight" rating and a $92.00 price target for the company. Melius Research started coverage on Williams Companies in a research report on Tuesday, September 22nd. They issued a "buy" rating and a $84.00 price objective on the stock. Finally, Truist Financial upped their price objective on Williams Companies from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $86.06.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Wilson sold 13,000 shares of the firm's stock in a transaction 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 owned 268,159 shares in the company, valued at $20,077,064.33. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 19,000 shares of company stock worth $1,401,430. Corporate insiders own 0.47% of the company's stock.

Williams Companies Stock Performance

NYSE:WMB opened at $71.75 on Tuesday. The firm has a 50 day simple moving average of $72.20 and a 200-day simple moving average of $71.94. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The firm has a market cap of $87.77 billion, a PE ratio of 28.59, a P/E/G ratio of 1.51 and a beta of 0.64. Williams Companies, Inc. has a 1-year low of $56.19 and a 1-year high of $80.07.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company's quarterly 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. On average, equities analysts expect that Williams Companies, Inc. will post 2.42 EPS for the current year.

About Williams Companies

The Williams Companies, Inc is an energy infrastructure company headquartered in Tulsa, Oklahoma. Founded in 1908 as Williams Brothers, the company has evolved from an early pipeline contractor into a major operator of natural gas infrastructure in the United States.

Williams primarily gathers, processes, transports and stores natural gas and natural gas liquids. Its assets include interstate and regional pipelines, gas processing and fractionation facilities, storage operations, and gathering systems that connect producers with utilities, industrial customers, power generators and other energy markets.

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