Campbell Newman Asset Management Inc. Raises Holdings in Williams Companies, Inc. (The) $WMB

Campbell Newman Asset Management Inc. increased its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 14.3% in the second quarter, HoldingsChannel reports. The firm owned 654,720 shares of the pipeline company’s stock after buying an additional 81,777 shares during the period. Williams Companies makes up 3.6% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 10th largest position. Campbell Newman Asset Management Inc.’s holdings in Williams Companies were worth $48,672,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD bought a new stake in Williams Companies in the first quarter valued at approximately $26,000. Allied Private Wealth LLC bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new position in shares of Williams Companies during the 2nd quarter worth approximately $28,000. Frazier Financial Advisors LLC raised its stake in Williams Companies by 59.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 155 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in Williams Companies in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Royal Bank Of Canada raised their target price on shares of Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. TD Cowen upped their price target on shares of Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Truist Financial increased their price target on shares of Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Buy” and a consensus price target of $85.60.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 268,159 shares of the company’s stock, valued at $20,077,064.33. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is owned by corporate insiders.

Williams Companies Stock Down 0.6%

Shares of NYSE WMB opened at $73.75 on Friday. The stock’s fifty day moving average is $73.46 and its 200 day moving average is $73.33. The stock has a market capitalization of $90.21 billion, a P/E ratio of 29.38, a PEG 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, Inc. has a 52 week low of $56.08 and a 52 week high of $80.07.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates 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 prior year, the firm posted $0.46 EPS. The firm’s quarterly 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. Sell-side 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 paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 annualized dividend and a yield of 2.8%. Williams Companies’s payout ratio is presently 83.67%.

Williams Companies Company 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.