NewEdge Wealth LLC Acquires New Shares in Williams Companies, Inc. (The) $WMB

NewEdge Wealth LLC bought a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 114,017 shares of the pipeline company’s stock, valued at approximately $8,476,000.

Several other institutional investors have also recently bought and sold shares of WMB. Main Street Group LTD acquired a new stake in shares of Williams Companies in the 1st quarter valued at approximately $26,000. Allied Private Wealth LLC acquired a new position in Williams Companies during the 2nd quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new position in Williams Companies during the 2nd quarter worth approximately $28,000. Frazier Financial Advisors LLC lifted 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 purchasing an additional 155 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 2.5%

Shares of NYSE WMB opened at $73.25 on Thursday. The firm has a 50 day moving average price of $73.40 and a two-hundred day moving average price of $73.11. The stock has a market cap of $89.60 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. Williams Companies, Inc. has a 52-week low of $56.08 and a 52-week high of $80.07. 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 issued its quarterly 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 net margin of 25.17% and a return on equity of 18.49%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. Williams Companies’s 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. As a group, equities analysts forecast that Williams Companies, Inc. will post 2.52 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders 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 dividend yield of 2.9%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is 83.67%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the firm’s stock in a transaction dated 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 directly owned 268,159 shares in the company, valued at $20,077,064.33. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 17,000 shares of company stock valued at $1,262,930 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on WMB shares. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Truist Financial increased their price target on Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Morgan Stanley raised their price objective on Williams Companies from $99.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup upped their target price on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus increased their target price on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Three investment 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 data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $85.60.

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.