Cwm LLC Grows Stake in Williams Companies, Inc. (The) $WMB

Cwm LLC grew its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 63.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,805 shares of the pipeline company’s stock after acquiring an additional 58,689 shares during the period. Cwm LLC’s holdings in Williams Companies were worth $9,554,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WMB. Brighton Jones LLC raised its stake in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after buying an additional 3,969 shares during the period. Baird Financial Group Inc. increased its holdings in Williams Companies by 1.6% in the 1st quarter. Baird Financial Group Inc. now owns 425,836 shares of the pipeline company’s stock worth $25,448,000 after acquiring an additional 6,673 shares during the last quarter. Saudi Central Bank purchased a new stake in Williams Companies in the 1st quarter worth about $29,000. Calton & Associates Inc. bought a new stake in Williams Companies in the 1st quarter valued at about $662,000. Finally, Quarry LP lifted its holdings in Williams Companies by 20.3% during the first quarter. Quarry LP now owns 1,095 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WMB shares. BMO Capital Markets reduced their target price on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. UBS Group increased their target price on Williams Companies from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 22nd. Finally, Tudor Pickering raised Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Price Performance

NYSE:WMB opened at $59.78 on Tuesday. Williams Companies, Inc. has a 52-week low of $51.58 and a 52-week high of $65.55. The stock has a fifty day moving average of $59.66 and a 200 day moving average of $59.63. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market capitalization of $73.00 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 1.60 and a beta of 0.62.

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

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, December 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Williams Companies’s payout ratio is presently 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.