Triton Financial Group Inc Acquires Shares of 16,070 Williams Companies, Inc. (The) $WMB

Triton Financial Group Inc acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) in the second quarter, HoldingsChannel.com reports. The fund acquired 16,070 shares of the pipeline company’s stock, valued at approximately $1,195,000.

Other hedge funds also recently made changes to their positions in the company. Main Street Group LTD purchased a new stake in Williams Companies during the 1st quarter valued at $26,000. Motiv8 Investments LLC purchased a new stake in shares of Williams Companies during the fourth quarter worth about $27,000. Allied Private Wealth LLC bought a new stake in shares of Williams Companies in the second quarter worth about $28,000. Bayforest Capital Ltd purchased a new position in Williams Companies during the 2nd quarter valued at about $28,000. Finally, Clearstead Trust LLC lifted its holdings in Williams Companies by 62.2% in the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after buying an additional 186 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 13,000 shares of the business’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 value of $973,310.00. Following the sale, the senior vice president directly owned 268,159 shares of the company’s stock, valued at $20,077,064.33. The trade was a 4.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 17,000 shares of company stock worth $1,262,930 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMB shares. Wells Fargo & Company lifted their price objective on Williams Companies from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Stifel Nicolaus lifted their price target on shares of Williams Companies from $78.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. TD Cowen boosted their price target on shares of Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays lifted their price objective on Williams Companies from $73.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $85.60.

Williams Companies Stock Performance

Shares of WMB stock opened at $74.19 on Friday. The company’s fifty day moving average price is $73.44 and its 200-day moving average price is $73.33. The stock has a market cap of $90.75 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. Williams Companies, Inc. has a 12 month low of $56.08 and a 12 month high of $80.07.

Williams Companies (NYSE:WMB) last issued 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. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business earned $0.46 EPS. Williams Companies’s quarterly revenue was up 9.8% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, equities analysts expect that Williams Companies, Inc. will post 2.45 EPS 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 dividend of $0.525 per share. 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 2.8%. Williams Companies’s dividend payout ratio (DPR) is currently 83.67%.

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.