Parr Mcknight Wealth Management Group LLC Boosts Stock Holdings in Williams Companies, Inc. (The) $WMB

Parr Mcknight Wealth Management Group LLC grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 119.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,434 shares of the pipeline company’s stock after purchasing an additional 35,119 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Williams Companies were worth $4,790,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Main Street Group LTD purchased a new position in Williams Companies in the 1st quarter valued at approximately $26,000. Allied Private Wealth LLC purchased a new stake in shares of Williams Companies during the second quarter worth $28,000. Bayforest Capital Ltd purchased a new stake in shares of Williams Companies during the second quarter worth $28,000. Frazier Financial Advisors LLC boosted its holdings in shares of Williams Companies by 59.4% in the first quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 155 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of Williams Companies in the fourth quarter worth $27,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Williams Companies from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Wolfe Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Scotiabank lifted their target price on Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their target price on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, TD Cowen upped their price target on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Three 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $85.33.

Williams Companies Stock Up 2.7%

WMB opened at $75.04 on Friday. The firm has a market capitalization of $91.79 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. Williams Companies, Inc. has a one year low of $55.82 and a one year high of $80.07. The company has a fifty day moving average price of $73.27 and a 200-day moving average price of $72.90. 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 (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 company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities research analysts expect 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. Shareholders of record on Friday, September 11th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.8%. Williams Companies’s dividend payout ratio (DPR) is presently 83.67%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated 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 owned 281,159 shares in the company, valued at approximately $19,863,883.35. This trade represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.

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.