Ieq Capital LLC Acquires Shares of 33,684 Williams Companies, Inc. (The) $WMB

Ieq Capital LLC acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,684 shares of the pipeline company’s stock, valued at approximately $2,504,000.

A number of other large investors have also modified their holdings of WMB. Norges Bank acquired a new position in Williams Companies during the 4th quarter worth approximately $747,749,000. BROOKFIELD Corp ON raised its stake in shares of Williams Companies by 190.3% during the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock valued at $755,490,000 after purchasing an additional 7,884,730 shares during the period. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Williams Companies during the second quarter valued at approximately $500,305,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Williams Companies during the second quarter worth $354,184,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Williams Companies during the second quarter worth $329,094,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. Wells Fargo & Company boosted their price objective on shares of Williams Companies from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Scotiabank raised their target price on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research note on Tuesday, May 12th. Barclays lifted their target price on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $82.00 price target on shares of Williams Companies in a report on Tuesday, July 14th. Finally, TD Cowen raised their price objective on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Buy” and a consensus target price of $85.60.

Williams Companies Price Performance

Shares of WMB stock opened at $71.02 on Tuesday. The firm has a market cap 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. 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, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07. The firm has a fifty day moving average of $73.37 and a two-hundred day moving average of $73.20.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, research analysts anticipate that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. 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 (DPR) is currently 83.67%.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total value of $973,310.00. Following the completion of the transaction, the senior vice president owned 268,159 shares in the company, valued at approximately $20,077,064.33. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is currently owned by company insiders.

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.