Pointe Capital Management LLC Takes $809,000 Position in Williams Companies, Inc. (The) $WMB

Pointe Capital Management LLC acquired a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 10,887 shares of the pipeline company’s stock, valued at approximately $809,000.

Several other large investors have also modified their holdings of the company. Main Street Group LTD bought a new position in Williams Companies in the 1st quarter worth $26,000. Motiv8 Investments LLC acquired a new position in Williams Companies during the 4th quarter worth $27,000. Allied Private Wealth LLC bought a new stake in Williams Companies during the second quarter valued at about $28,000. Bayforest Capital Ltd acquired a new stake in shares of Williams Companies in the second quarter valued at about $28,000. Finally, Clearstead Trust LLC grew its position in shares of Williams Companies by 62.2% in the fourth quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 186 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on WMB. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Wells Fargo & Company upped their price target on Williams Companies from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Canadian Imperial Bank of Commerce increased their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada raised their price objective on shares of Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group dropped their target price on shares of Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Three equities research 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of $85.60.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 13,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 268,159 shares in the company, valued at $20,077,064.33. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 17,000 shares of company stock worth $1,262,930. 0.47% of the stock is owned by company insiders.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $71.00 on Wednesday. The firm has a market cap of $86.84 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. The firm’s 50-day simple moving average is $73.36 and its 200-day simple moving average is $73.23. Williams Companies, Inc. has a twelve month low of $56.08 and a twelve month high of $80.07. 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 (NYSE:WMB) last posted its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, research analysts expect that Williams Companies, Inc. will post 2.45 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. Williams Companies’s dividend payout ratio is presently 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.