Acumen Wealth Advisors LLC Has $828,000 Stock Position in Williams Companies, Inc. (The) $WMB

Acumen Wealth Advisors LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 622.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,378 shares of the pipeline company’s stock after purchasing an additional 9,804 shares during the period. Acumen Wealth Advisors LLC’s holdings in Williams Companies were worth $828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Towne Trust Company N.A increased its holdings in shares of Williams Companies by 60.2% during the fourth quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after buying an additional 162 shares in the last quarter. Main Street Group LTD acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $26,000. Motiv8 Investments LLC bought a new stake in Williams Companies during the 4th quarter worth approximately $27,000. Clearstead Trust LLC grew its position in Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 186 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in Williams Companies during the 4th quarter valued at $29,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Cowen lifted their price objective on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. Citigroup upped their price target on shares of Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $82.00 price objective on shares of Williams Companies in a report on Tuesday, July 14th. Four investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $83.56.

Williams Companies Stock Performance

WMB stock opened at $73.39 on Wednesday. Williams Companies, Inc. has a twelve month low of $55.82 and a twelve month high of $80.07. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 1.99. The company has a market cap of $89.65 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.74 and a beta of 0.57. The business’s fifty day moving average is $74.34 and its 200-day moving average is $71.59.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Equities research analysts forecast that Williams Companies, Inc. will post 2.44 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 12th. Williams Companies’s dividend payout ratio is currently 92.11%.

Insider Transactions at Williams Companies

In related news, COO Larry C. Larsen sold 12,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the transaction, the chief operating officer owned 98,219 shares in the company, valued at approximately $7,511,789.12. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Dean Porter sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $75.37, for a total value of $3,768,500.00. Following the completion of the transaction, the chief financial officer owned 196,567 shares of the company’s stock, valued at approximately $14,815,254.79. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,500 shares of company stock valued at $5,182,655 in the last ninety days. Corporate insiders own 0.47% 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.