Levin Capital Strategies L.P. Purchases New Holdings in Williams Companies, Inc. (The) $WMB

Levin Capital Strategies L.P. acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMBFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,582 shares of the pipeline company’s stock, valued at approximately $1,207,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Williams Companies in the 4th quarter worth approximately $4,627,000. Gabelli Funds LLC raised its stake in Williams Companies by 7.4% during the fourth quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock valued at $15,689,000 after buying an additional 17,900 shares during the last quarter. SIR Capital Management L.P. raised its stake in Williams Companies by 40.0% during the fourth quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock valued at $31,572,000 after buying an additional 150,032 shares during the last quarter. Stephens Inc. AR boosted its holdings in Williams Companies by 8.9% in the fourth quarter. Stephens Inc. AR now owns 164,900 shares of the pipeline company’s stock worth $9,912,000 after acquiring an additional 13,438 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Williams Companies by 56.3% in the fourth quarter. Global Retirement Partners LLC now owns 57,550 shares of the pipeline company’s stock worth $3,459,000 after acquiring an additional 20,740 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other news, CFO John Dean Porter sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total transaction of $3,768,500.00. Following the sale, the chief financial officer owned 196,567 shares of the company’s stock, valued at $14,815,254.79. This trade represents a 20.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $74.16, for a total transaction of $148,320.00. Following the completion of the sale, the senior vice president owned 283,159 shares of the company’s stock, valued at $20,999,071.44. This represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,500 shares of company stock worth $5,182,655 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $74.50 on Thursday. The company has a market cap of $91.01 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 1.72 and a beta of 0.57. The business’s fifty day simple moving average is $74.31 and its two-hundred day simple moving average is $71.69. Williams Companies, Inc. has a 12 month low of $55.82 and a 12 month high of $80.07. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Williams Companies (NYSE:WMBGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.10. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.44 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, June 12th. Williams Companies’s dividend payout ratio (DPR) is presently 92.11%.

Analyst Upgrades and Downgrades

WMB has been the subject of several analyst reports. Stifel Nicolaus raised their price target on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Jefferies Financial Group dropped their price target on shares of Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. UBS Group reissued a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. The Goldman Sachs Group restated a “buy” rating and set a $82.00 price objective on shares of Williams Companies in a research note on Tuesday, July 14th. Finally, Barclays lifted their target price on shares of Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Four equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $83.56.

Read Our Latest Stock Report on Williams Companies

Williams Companies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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