Kingsview Wealth Management LLC Makes New Investment in Williams Companies, Inc. (The) $WMB

Kingsview Wealth Management LLC purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent filing with the SEC. The firm purchased 108,059 shares of the pipeline company’s stock, valued at approximately $8,033,000.

Several other large investors have also recently made changes to their positions in WMB. Infrastructure Capital Advisors LLC bought a new stake in Williams Companies during the second quarter worth about $15,277,000. Cynosure Group LLC bought a new position in Williams Companies in the second quarter valued at approximately $647,000. Ieq Capital LLC bought a new position in Williams Companies in the second quarter valued at approximately $2,504,000. Gabelli Funds LLC increased its position in shares of Williams Companies by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 261,000 shares of the pipeline company’s stock worth $15,689,000 after purchasing an additional 17,900 shares during the last quarter. Finally, SIR Capital Management L.P. increased its position in shares of Williams Companies by 40.0% during the 4th quarter. SIR Capital Management L.P. now owns 525,232 shares of the pipeline company’s stock worth $31,572,000 after purchasing an additional 150,032 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on WMB. Canadian Imperial Bank of Commerce raised their target price on shares of Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada upped their price target on shares of Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Stifel Nicolaus increased their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Barclays boosted 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 note on Wednesday, July 8th. Finally, Scotiabank upped their target price on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. Three 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 MarketBeat.com, Williams Companies has a consensus rating of “Buy” and a consensus price target of $85.60.

Insiders Place Their Bets

In related 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 transaction 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 approximately $20,077,064.33. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 17,000 shares of company stock worth $1,262,930. Company insiders own 0.47% of the company’s stock.

Williams Companies Trading Down 0.6%

Shares of Williams Companies stock opened at $73.75 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The business has a fifty day simple moving average of $73.46 and a two-hundred day simple moving average of $73.33. Williams Companies, Inc. has a 1 year low of $56.08 and a 1 year high of $80.07. The company has a market capitalization of $90.21 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.54 and a beta of 0.58.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting 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 company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Research analysts forecast that Williams Companies, Inc. will post 2.45 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is currently 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.