UniSuper Management Pty Ltd Buys 17,434 Shares of Williams Companies, Inc. (The) $WMB

UniSuper Management Pty Ltd grew its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 20.0% in the third quarter, HoldingsChannel reports. The firm owned 104,408 shares of the pipeline company’s stock after buying an additional 17,434 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Williams Companies were worth $6,614,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Private Wealth Management Group LLC grew its holdings in 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 in the last quarter. Hartford Funds Management Co LLC bought a new position in shares of Williams Companies during the 2nd quarter valued at approximately $29,000. Atlantic Union Bankshares Corp purchased a new position in shares of Williams Companies in the second quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in Williams Companies in the second quarter worth $35,000. Finally, Salomon & Ludwin LLC purchased a new stake in Williams Companies during the third quarter valued at $35,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on WMB shares. Zacks Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group increased their price target on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Jefferies Financial Group boosted their price objective on Williams Companies from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Citigroup upped their price objective on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, TD Cowen lifted their target price on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.29.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the completion of the sale, the senior vice president owned 302,645 shares in the company, valued at $18,319,101.85. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Up 2.0%

Shares of NYSE:WMB opened at $64.97 on Friday. The firm has a market capitalization of $79.35 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64. The business has a 50 day simple moving average of $60.46 and a two-hundred day simple moving average of $59.80. Williams Companies, Inc. has a 1 year low of $51.58 and a 1 year high of $65.55. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36.

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

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 12th were issued a $0.50 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Williams Companies’s dividend 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.