Kintra Wealth LLC Invests $636,000 in Williams Companies, Inc. (The) $WMB

Kintra Wealth LLC purchased a new stake in Williams Companies, Inc. (The) (NYSE:WMB) in the 2nd quarter, HoldingsChannel reports. The fund purchased 8,713 shares of the pipeline company’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMB. Main Street Group LTD purchased a new stake in shares of Williams Companies during the 1st quarter valued at about $26,000. Motiv8 Investments LLC acquired a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Allied Private Wealth LLC purchased a new stake in shares of Williams Companies during the second quarter valued at approximately $28,000. Bayforest Capital Ltd acquired a new position in Williams Companies in the 2nd quarter worth $28,000. Finally, Clearstead Trust LLC lifted its stake 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 worth $29,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.0%

NYSE:WMB opened at $74.17 on Tuesday. The business’s fifty day moving average price is $73.28 and its 200 day moving average price is $73.51. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $90.72 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.54 and a beta of 0.59. Williams Companies, Inc. has a 1-year low of $56.08 and a 1-year high of $80.07.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $3.05 billion for 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 firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, sell-side analysts forecast that Williams Companies, Inc. will post 2.45 earnings per share for the current fiscal 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 paid a $0.525 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.8%. Williams Companies’s payout ratio is 83.67%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WMB. Morgan Stanley upped their price target on shares of Williams Companies from $99.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Canadian Imperial Bank of Commerce boosted 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. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Wells Fargo & Company raised their price target on Williams Companies from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Williams Companies from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $85.60.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Wilson sold 2,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.56, for a total transaction of $151,120.00. Following the transaction, the senior vice president directly owned 264,259 shares of the company’s stock, valued at $19,967,410.04. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 19,000 shares of company stock valued at $1,414,050 in the last three months. Corporate insiders own 0.47% of the company’s stock.

Williams Companies 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.