Triton Financial Group Inc acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,070 shares of the pipeline company’s stock, valued at approximately $1,195,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Williams Companies during the 2nd quarter valued at $3,320,606,000. Norges Bank bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $747,749,000. Legal & General Group Plc bought a new stake in Williams Companies during the 2nd quarter valued at $596,077,000. BROOKFIELD Corp ON lifted its holdings in Williams Companies by 190.3% during the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of Williams Companies in the second quarter worth about $500,305,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Williams Companies news, SVP Terrance Lane 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 of the company’s stock, valued at $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 17,000 shares of company stock valued at $1,262,930 over the last ninety days. Insiders own 0.47% of the company’s stock.
Williams Companies Stock Performance
Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $3.05 billion for 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 revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.45 EPS for the current fiscal year.
Williams Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors 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 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s dividend payout ratio (DPR) is presently 83.67%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Morgan Stanley lifted their target price on shares of Williams Companies from $99.00 to $103.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Citigroup increased their price target on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $85.60.
Check Out Our Latest Analysis on WMB
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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