Main Street Financial Solutions LLC Takes Position in Williams Companies, Inc. (The) $WMB

Main Street Financial Solutions LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, HoldingsChannel reports. The firm purchased 21,009 shares of the pipeline company’s stock, valued at approximately $1,562,000.

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

Williams Companies Trading Up 2.5%

WMB opened at $75.25 on Wednesday. The stock’s fifty day moving average is $73.38 and its two-hundred day moving average is $73.07. The company has a market capitalization of $92.05 billion, a P/E ratio of 29.98, a PEG ratio of 1.58 and a beta of 0.59. Williams Companies, Inc. has a 52 week low of $55.82 and a 52 week 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.

Williams Companies (NYSE:WMB) last issued its 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 business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter 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. Analysts forecast that Williams Companies, Inc. will post 2.43 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s dividend payout ratio is presently 83.67%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Scotiabank increased their target price on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada boosted their target price on shares of Williams Companies from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Truist Financial upped their price target on shares of Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $85.60.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the business’s 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 sale, the senior vice president owned 268,159 shares in the company, valued at approximately $20,077,064.33. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 17,000 shares of company stock worth $1,262,930. Company insiders own 0.47% of the company’s stock.

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.