Williams Companies, Inc. (The) $WMB Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 43.4% during the second quarter, Holdings Channel.com reports. The firm owned 33,097,208 shares of the pipeline company’s stock after buying an additional 10,013,946 shares during the period. Wellington Management Group LLP’s holdings in Williams Companies were worth $2,460,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WMB. Main Street Group LTD purchased a new position in shares of Williams Companies during the first quarter valued at approximately $26,000. Allied Private Wealth LLC purchased a new stake in Williams Companies in the 2nd quarter valued at about $28,000. Bayforest Capital Ltd acquired a new position in Williams Companies during the second quarter worth approximately $28,000. Frazier Financial Advisors LLC increased its holdings 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 worth $30,000 after buying an additional 155 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in Williams Companies during the fourth quarter worth about $27,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMB. Barclays increased their price objective on shares of Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Truist Financial lifted their price objective on shares of Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. UBS Group reissued a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Royal Bank Of Canada upped their target price on shares of Williams Companies from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Stifel Nicolaus raised their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Three equities research 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. According to MarketBeat.com, Williams Companies currently has an average rating of “Buy” and a consensus target price of $85.60.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the transaction, the senior vice president owned 268,159 shares in the company, valued at $20,077,064.33. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 17,000 shares of company stock valued at $1,262,930. Company insiders own 0.47% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $73.75 on Friday. The firm’s 50-day simple moving average is $73.46 and its 200-day simple moving average is $73.33. Williams Companies, Inc. has a 1 year low of $56.08 and a 1 year high of $80.07. The firm has a market cap of $90.21 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.58. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48.

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

Williams Companies Dividend Announcement

The firm 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 $0.525 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies’s dividend payout ratio (DPR) is currently 83.67%.

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.