Jackson Wealth Management LLC Has $476,000 Stock Holdings in Williams Companies, Inc. (The) $WMB

Jackson Wealth Management LLC decreased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 92.4% in the 2nd quarter, Holdings Channel reports. The firm owned 6,407 shares of the pipeline company’s stock after selling 77,475 shares during the quarter. Jackson Wealth Management LLC’s holdings in Williams Companies were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WMB. Rehmann Capital Advisory Group raised its holdings in Williams Companies by 6.0% during the second quarter. Rehmann Capital Advisory Group now owns 10,997 shares of the pipeline company’s stock worth $818,000 after buying an additional 625 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new stake in Williams Companies in the 2nd quarter valued at about $2,716,000. Ancora Advisors LLC boosted its holdings in shares of Williams Companies by 24.7% in the second quarter. Ancora Advisors LLC now owns 3,697 shares of the pipeline company’s stock worth $275,000 after acquiring an additional 732 shares during the period. Two Sigma Securities LLC bought a new stake in Williams Companies during the 2nd quarter worth approximately $249,000. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Williams Companies by 64.5% during the second quarter. Alyeska Investment Group L.P. now owns 1,990,213 shares of the pipeline company’s stock worth $147,952,000 after purchasing an additional 780,562 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $82.00 target price on shares of Williams Companies in a research report on Tuesday, July 14th. Morgan Stanley raised their target price on shares of Williams Companies from $99.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Truist Financial increased their price target on shares of Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group cut their price objective on Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $85.60.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $74.87, for a total value of $973,310.00. Following the completion of the transaction, the senior vice president directly owned 268,159 shares of the company’s stock, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 17,000 shares of company stock worth $1,262,930. 0.47% of the stock is currently owned by company insiders.

Williams Companies Price Performance

WMB stock opened at $75.27 on Tuesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48. The firm has a 50 day moving average price of $73.46 and a 200-day moving average price of $73.41. Williams Companies, Inc. has a 52-week low of $56.08 and a 52-week high of $80.07. The firm has a market capitalization of $92.07 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.54 and a beta of 0.59.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s quarterly 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. Equities research analysts forecast that Williams Companies, Inc. will post 2.45 EPS for the current fiscal year.

Williams Companies Announces Dividend

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 given a dividend of $0.525 per share. 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%.

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.