131,770 Shares in Williams Companies, Inc. (The) $WMB Acquired by Castleark Management LLC

Castleark Management LLC bought a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 131,770 shares of the pipeline company’s stock, valued at approximately $9,796,000.

A number of other hedge funds have also made changes to their positions in WMB. Main Street Group LTD purchased a new stake in shares of Williams Companies in the first quarter valued at about $26,000. Allied Private Wealth LLC acquired a new stake in Williams Companies during the 2nd quarter valued at $28,000. Bayforest Capital Ltd purchased a new position in Williams Companies during the second quarter worth $28,000. Frazier Financial Advisors LLC raised 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 last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Williams Companies in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the sale, the senior vice president owned 268,159 shares in the company, valued at $20,077,064.33. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 17,000 shares of company stock worth $1,262,930 in the last quarter. Company insiders own 0.47% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $71.00 on Wednesday. The business’s 50-day simple moving average is $73.36 and its 200 day simple moving average is $73.23. The company has a market cap of $86.84 billion, a P/E ratio of 28.29, a PEG ratio of 1.48 and a beta of 0.58. 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, Inc. has a one year low of $56.08 and a one year high of $80.07.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $3.05 billion for 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 firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s dividend payout ratio is currently 83.67%.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a research report on Wednesday, June 24th. Barclays increased their price target on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Morgan Stanley increased their target price on Williams Companies from $99.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Finally, Canadian Imperial Bank of Commerce raised their price target on Williams Companies from $83.00 to $85.00 and gave the stock an “outperformer” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $85.60.

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.