HighTower Advisors LLC Decreases Stock Holdings in Williams Companies, Inc. (The) $WMB

HighTower Advisors LLC lowered its holdings in Williams Companies, Inc. (The) (NYSE:WMBFree Report) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,639,071 shares of the pipeline company’s stock after selling 31,710 shares during the quarter. HighTower Advisors LLC’s holdings in Williams Companies were worth $121,849,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Infrastructure Capital Advisors LLC acquired a new position in Williams Companies in the 2nd quarter worth $15,277,000. Cynosure Group LLC bought a new position in Williams Companies during the 2nd quarter worth approximately $647,000. Ieq Capital LLC acquired a new position in Williams Companies in the second quarter worth $2,504,000. The Manufacturers Life Insurance Company acquired a new position in shares of Williams Companies in the 2nd quarter valued at about $77,998,000. Finally, SIR Capital Management L.P. boosted its stake in Williams Companies by 40.0% in 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 acquiring an additional 150,032 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $74.17 on Monday. The stock’s 50-day moving average is $73.30 and its two-hundred day moving average is $73.50. Williams Companies, Inc. has a fifty-two week low of $56.08 and a fifty-two week high of $80.07. The firm has a market cap of $90.72 billion, a P/E ratio of 29.55, a PEG ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43.

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

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors 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 of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio (DPR) is presently 83.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Wall Street Zen cut Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Barclays upped their price objective on Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group reissued a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 14th. Finally, Truist Financial increased their price target on Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $85.60.

Get Our Latest Stock Analysis on Williams Companies

Insider Activity at Williams Companies

In other news, SVP Terrance Wilson sold 13,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the completion of the sale, the senior vice president directly owned 268,159 shares in the company, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 19,000 shares of company stock valued at $1,414,050 over the last 90 days. Company insiders own 0.47% of the company’s stock.

About Williams Companies

(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.

Further Reading

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

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