Williams Companies, Inc. (The) $WMB Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 927,066 shares of the pipeline company’s stock after purchasing an additional 35,100 shares during the quarter. Williams Companies comprises approximately 0.5% of Exchange Traded Concepts LLC’s portfolio, making the stock its 28th biggest position. Exchange Traded Concepts LLC owned approximately 0.08% of Williams Companies worth $58,730,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Diversified Trust Co lifted its holdings in shares of Williams Companies by 28.5% in the 2nd quarter. Diversified Trust Co now owns 46,549 shares of the pipeline company’s stock valued at $2,924,000 after purchasing an additional 10,317 shares during the last quarter. Seven Post Investment Office LP acquired a new position in Williams Companies during the second quarter worth approximately $3,879,000. ORG Partners LLC increased its position in Williams Companies by 153.4% during the second quarter. ORG Partners LLC now owns 831 shares of the pipeline company’s stock worth $49,000 after buying an additional 503 shares during the period. Adams Natural Resources Fund Inc. lifted its stake in Williams Companies by 1,238.3% in the second quarter. Adams Natural Resources Fund Inc. now owns 365,350 shares of the pipeline company’s stock valued at $22,948,000 after buying an additional 338,050 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $2,728,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.7%

Shares of NYSE:WMB opened at $58.26 on Monday. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73. The firm’s 50-day simple moving average is $60.05 and its 200-day simple moving average is $59.65. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.56 and a beta of 0.62.

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

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Williams Companies’s payout ratio is 103.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMB. Mizuho raised shares of Williams Companies to a “strong-buy” rating in a report on Monday, October 27th. Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Citigroup increased their target price on shares of Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Williams Companies in a report on Monday, December 15th. Finally, Wall Street Zen downgraded Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $68.21.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the transaction, the senior vice president owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.44% of the stock is owned by corporate insiders.

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.