AXQ Capital LP Takes Position in Williams Companies, Inc. (The) $WMB

AXQ Capital LP purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,577 shares of the pipeline company’s stock, valued at approximately $1,050,000.

Several other institutional investors also recently bought and sold shares of WMB. LRI Investments LLC raised its stake in shares of Williams Companies by 8.8% during the 3rd quarter. LRI Investments LLC now owns 2,169 shares of the pipeline company’s stock worth $137,000 after buying an additional 176 shares during the period. Patten & Patten Inc. TN increased its holdings in Williams Companies by 1.7% in the 3rd quarter. Patten & Patten Inc. TN now owns 11,087 shares of the pipeline company’s stock worth $702,000 after acquiring an additional 187 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in Williams Companies by 1.9% in the 3rd quarter. Chesley Taft & Associates LLC now owns 10,420 shares of the pipeline company’s stock worth $660,000 after acquiring an additional 199 shares in the last quarter. Bank of Jackson Hole Trust raised its position in Williams Companies by 42.5% during the second quarter. Bank of Jackson Hole Trust now owns 671 shares of the pipeline company’s stock worth $42,000 after acquiring an additional 200 shares during the period. Finally, Tradewinds Capital Management LLC lifted its holdings in Williams Companies by 9.0% during the third quarter. Tradewinds Capital Management LLC now owns 2,425 shares of the pipeline company’s stock valued at $154,000 after purchasing an additional 200 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Down 0.1%

WMB opened at $72.94 on Tuesday. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $73.87. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.53. The business has a 50 day moving average price of $64.10 and a 200 day moving average price of $61.37. The firm has a market cap of $89.08 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Williams Companies had a return on equity of 17.32% and a net margin of 21.90%.The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Research analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. Williams Companies’s dividend payout ratio is currently 93.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMB shares. BMO Capital Markets lowered their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Zacks Research raised Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. UBS Group increased their price objective on Williams Companies from $78.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company lifted their target price on shares of Williams Companies from $71.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, TD Cowen lifted their target price on shares of Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.36.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $66.39, for a total value of $132,780.00. Following the transaction, the senior vice president directly owned 293,545 shares in the company, valued at approximately $19,488,452.55. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

About Williams Companies

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.