Tema Etfs LLC Takes Position in Williams Companies, Inc. (The) $WMB

Tema Etfs LLC purchased a new position in Williams Companies, Inc. (The) (NYSE:WMB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,914 shares of the pipeline company’s stock, valued at approximately $1,325,000.

A number of other hedge funds have also recently bought and sold shares of the business. Private Wealth Management Group LLC boosted its stake in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares during the last quarter. Hartford Funds Management Co LLC bought a new position in Williams Companies during the 2nd quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new position in Williams Companies during the 2nd quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth about $35,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Williams Companies in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on WMB shares. Citigroup lifted their price target on Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. TD Cowen upped their price target on Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Tudor Pickering raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Finally, Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total value of $123,800.00. Following the completion of the sale, the senior vice president directly owned 297,545 shares in the company, valued at $18,418,035.50. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Trading Down 1.3%

NYSE:WMB opened at $59.55 on Tuesday. The stock has a market cap of $72.72 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 1.40 and a beta of 0.64. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $65.55. The business has a fifty day moving average of $59.97 and a 200-day moving average of $59.65.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Williams Companies Company 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.