Kinsale Capital Group Inc. Sells 63,130 Shares of Williams Companies, Inc. (The) $WMB

Kinsale Capital Group Inc. lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 29.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 154,489 shares of the pipeline company’s stock after selling 63,130 shares during the period. Williams Companies makes up approximately 1.5% of Kinsale Capital Group Inc.’s holdings, making the stock its 26th largest position. Kinsale Capital Group Inc.’s holdings in Williams Companies were worth $11,485,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC grew its holdings in Williams Companies by 19.5% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 7,347 shares of the pipeline company’s stock valued at $546,000 after buying an additional 1,198 shares during the last quarter. BLB&B Advisors LLC lifted its holdings in shares of Williams Companies by 2.4% during the second quarter. BLB&B Advisors LLC now owns 11,576 shares of the pipeline company’s stock worth $861,000 after buying an additional 270 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Williams Companies by 4.4% during the second quarter. Bridgewater Advisors Inc. now owns 5,390 shares of the pipeline company’s stock worth $401,000 after buying an additional 228 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in shares of Williams Companies by 50.2% in the second quarter. Gryphon Financial Partners LLC now owns 5,505 shares of the pipeline company’s stock valued at $409,000 after acquiring an additional 1,841 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC boosted its position in shares of Williams Companies by 119.8% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 64,434 shares of the pipeline company’s stock valued at $4,790,000 after acquiring an additional 35,119 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 2.7%

Shares of WMB stock opened at $75.04 on Friday. The company has a market capitalization of $91.79 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.77 and a beta of 0.58. Williams Companies, Inc. has a 12-month low of $55.82 and a 12-month high of $80.07. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The firm has a 50-day moving average price of $73.27 and a 200 day moving average price of $72.90.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $3.05 billion for 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 company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm 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 2.43 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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 dividend of $0.525 per share. The ex-dividend date 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 is 83.67%.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total transaction of $141,300.00. Following the completion of the sale, the senior vice president directly owned 281,159 shares of the company’s stock, valued at $19,863,883.35. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMB has been the topic of a number of research reports. Citigroup boosted their target price on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. Scotiabank raised their price target on shares of Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, May 12th. Wolfe Research upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Truist Financial upped their price objective on shares of Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued 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 price target of $85.33.

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.