Focus Financial Network Inc. Invests $215,000 in Williams Companies, Inc. (The) $WMB

Focus Financial Network Inc. purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,419 shares of the pipeline company’s stock, valued at approximately $215,000.

A number of other large investors have also recently made changes to their positions in WMB. Brighton Jones LLC boosted its holdings in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock worth $740,000 after acquiring an additional 3,969 shares during the period. Two Sigma Advisers LP bought a new position in shares of Williams Companies in the fourth quarter worth $5,049,000. Woodline Partners LP bought a new position in shares of Williams Companies in the fourth quarter worth $3,962,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Williams Companies in the fourth quarter worth $474,000. Finally, Toronto Dominion Bank boosted its stake in Williams Companies by 82.5% during the fourth quarter. Toronto Dominion Bank now owns 799,160 shares of the pipeline company’s stock valued at $43,251,000 after buying an additional 361,370 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 0.3%

Shares of NYSE:WMB opened at $60.19 on Monday. Williams Companies, Inc. has a 1 year low of $44.51 and a 1 year high of $63.45. The company has a market cap of $73.39 billion, a PE ratio of 30.25, a P/E/G ratio of 2.01 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The stock’s 50-day moving average is $58.17 and its 200 day moving average is $58.52.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, September 12th. Williams Companies’s payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Cibc World Mkts raised Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Barclays lifted their price objective on Williams Companies from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Scotiabank lifted their price objective on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. BMO Capital Markets started coverage on Williams Companies in a research note on Friday. They set an “outperform” rating and a $66.00 price objective for the company. Finally, TD Cowen started coverage on Williams Companies in a research report on Monday, July 7th. They set a “buy” rating and a $67.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.07.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total transaction of $115,240.00. Following the sale, the senior vice president directly owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at approximately $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,500 shares of company stock worth $623,115. 0.44% of the stock is owned by company insiders.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.