Tema ETFs LLC raised its holdings in Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 127.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,413 shares of the pipeline company’s stock after acquiring an additional 123,156 shares during the period. Tema ETFs LLC’s holdings in Williams Companies were worth $16,311,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WMB. Main Street Group LTD acquired a new position in Williams Companies during the 1st quarter worth approximately $26,000. Allied Private Wealth LLC acquired a new position in shares of Williams Companies during the second quarter worth $28,000. Frazier Financial Advisors LLC lifted its stake in shares of Williams Companies by 59.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 416 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 155 shares during the last quarter. Towne Trust Company N.A grew its position in Williams Companies by 60.2% during the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 162 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Williams Companies in the 4th quarter worth about $27,000. Institutional investors own 86.44% of the company’s stock.
Williams Companies Trading Up 0.5%
WMB opened at $72.21 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 fifty day moving average of $73.15 and a 200-day moving average of $72.75. The stock has a market cap of $88.33 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83.
Williams Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s payout ratio is currently 83.67%.
Insider Activity at Williams Companies
In other Williams Companies news, SVP Glen G. Jasek sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $78.15, for a total value of $195,375.00. Following the transaction, the senior vice president directly owned 54,101 shares of the company’s stock, valued at approximately $4,227,993.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total value of $141,300.00. Following the transaction, the senior vice president owned 281,159 shares in the company, valued at $19,863,883.35. The trade was a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,500 shares of company stock worth $1,402,755 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Citigroup boosted their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Scotiabank upped their price target on shares of Williams Companies from $85.00 to $86.00 and gave the company a “sector outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group restated a “buy” rating on shares of Williams Companies in a report on Tuesday, July 14th. Finally, TD Cowen upped their price target on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $83.88.
View Our Latest Analysis on WMB
Williams Companies 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.
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