Pinnacle Family Advisors LLC Makes New $517,000 Investment in Williams Companies, Inc. (The) $WMB

Pinnacle Family Advisors LLC acquired a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, Holdings Channel.com reports. The fund acquired 6,957 shares of the pipeline company’s stock, valued at approximately $517,000.

A number of other hedge funds have also recently made changes to their positions in the business. Infrastructure Capital Advisors LLC bought a new stake in Williams Companies during the second quarter worth $15,277,000. Cynosure Group LLC bought a new position in Williams Companies in the 2nd quarter valued at $647,000. 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 valued at $15,689,000 after purchasing an additional 17,900 shares during the last quarter. SIR Capital Management L.P. raised its stake 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 period. Finally, Ieq Capital LLC bought a new stake in shares of Williams Companies during the 2nd quarter worth $2,504,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Price Performance

Shares of NYSE WMB opened at $74.33 on Thursday. 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 fifty-two week low of $56.08 and a fifty-two week high of $80.07. The stock has a market cap of $90.92 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. The stock has a fifty day moving average of $73.42 and a 200-day moving average of $73.28.

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

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors 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 currently 83.67%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $74.87, for a total transaction of $973,310.00. Following the sale, the senior vice president owned 268,159 shares of the company’s stock, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 17,000 shares of company stock worth $1,262,930 over the last three months. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on WMB shares. The Goldman Sachs Group restated a “buy” rating and set a $82.00 price objective on shares of Williams Companies in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Scotiabank lifted their price target on shares of Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a report on Tuesday, May 12th. Stifel Nicolaus increased their price objective on Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Truist Financial boosted their target price on Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Three investment 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, the company presently has an average rating of “Buy” and a consensus 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.