Saudi Central Bank Acquires 40,523 Shares of Williams Companies, Inc. (The) $WMB

Saudi Central Bank raised its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 89.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 85,600 shares of the pipeline company’s stock after acquiring an additional 40,523 shares during the period. Saudi Central Bank’s holdings in Williams Companies were worth $6,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Main Street Group LTD acquired a new stake in shares of Williams Companies in the first quarter worth $26,000. Motiv8 Investments LLC acquired a new position in Williams Companies during the 4th quarter valued at $27,000. Allied Private Wealth LLC acquired a new position in Williams Companies during the 2nd quarter valued at $28,000. Bayforest Capital Ltd bought a new stake in Williams Companies in the 2nd quarter valued at $28,000. Finally, Clearstead Trust LLC boosted its holdings in Williams Companies by 62.2% in the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Up 0.2%

WMB opened at $74.17 on Friday. The company has a market capitalization of $90.72 billion, a P/E ratio of 29.55, a P/E/G ratio of 1.54 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. The firm’s fifty day moving average price is $73.30 and its two-hundred day moving average price is $73.49. Williams Companies, Inc. has a fifty-two week low of $56.08 and a fifty-two week high of $80.07.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, analysts anticipate that Williams Companies, Inc. will post 2.45 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is 83.67%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Jefferies Financial Group reduced their target price on shares of Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Royal Bank Of Canada lifted their target price on Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Wells Fargo & Company boosted their price target on Williams Companies from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Canadian Imperial Bank of Commerce upped their price target on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Williams Companies currently has a consensus rating of “Buy” and a consensus target price of $85.60.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Wilson sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were 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. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 19,000 shares of company stock valued at $1,414,050 over the last three months. Corporate insiders own 0.47% of the company’s stock.

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.