Corient Private Wealth LP Takes $81.70 Million Position in Williams Companies, Inc. (The) $WMB

Corient Private Wealth LP purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,099,040 shares of the pipeline company’s stock, valued at approximately $81,705,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMB. Main Street Group LTD acquired a new position in Williams Companies during the 1st quarter valued at about $26,000. Motiv8 Investments LLC bought a new position in shares of Williams Companies in the 4th quarter valued at about $27,000. Allied Private Wealth LLC acquired a new stake in shares of Williams Companies during the 2nd quarter worth approximately $28,000. Bayforest Capital Ltd acquired a new stake in shares of Williams Companies during the 2nd quarter worth approximately $28,000. Finally, Clearstead Trust LLC raised its stake in shares of Williams Companies by 62.2% during the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after buying an additional 186 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was 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 trade represents a 4.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 17,000 shares of company stock valued at $1,262,930. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Williams Companies from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Barclays lifted their target price on shares of Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 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. UBS Group restated a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Finally, Citigroup lifted their price objective on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $85.60.

Williams Companies Stock Up 4.6%

Williams Companies stock opened at $74.33 on Thursday. The firm has a market capitalization of $90.92 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.48 and a beta of 0.58. The company’s 50 day simple moving average is $73.42 and its 200 day simple moving average is $73.28. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. 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 issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts anticipate that Williams Companies, Inc. will post 2.45 EPS for the current 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 $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio is currently 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.