Sone Capital Management LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 61,268 shares of the pipeline company’s stock, valued at approximately $4,555,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Main Street Group LTD acquired a new stake in shares of Williams Companies in the first quarter worth approximately $26,000. Allied Private Wealth LLC purchased a new position in Williams Companies during the second quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new position in shares of Williams Companies in the 2nd quarter valued at $28,000. Frazier Financial Advisors LLC grew its stake in shares of Williams Companies by 59.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock valued at $30,000 after buying an additional 155 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth $27,000. Institutional investors and hedge funds own 86.44% of the company’s stock.
Insider Buying and Selling at Williams Companies
In other news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction dated 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 directly owned 268,159 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 17,000 shares of company stock worth $1,262,930 in the last three months. 0.47% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on WMB
Williams Companies Trading Up 0.7%
WMB opened at $71.02 on Tuesday. The firm’s 50 day moving average is $73.37 and its 200-day moving average is $73.20. 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 firm has a market capitalization of $86.87 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.47 and a beta of 0.59.
Williams Companies (NYSE:WMB – Get Free Report) last announced its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Analysts expect that Williams Companies, Inc. will post 2.45 EPS 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. Shareholders of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is presently 83.67%.
Williams Companies Profile
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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