Rockefeller Capital Management L.P. Boosts Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Rockefeller Capital Management L.P. lifted its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 991,999 shares of the pipeline company's stock after buying an additional 47,580 shares during the period. Rockefeller Capital Management L.P. owned about 0.08% of Williams Companies worth $45,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WMB. Tortoise Capital Advisors L.L.C. lifted its position in Williams Companies by 1.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company's stock valued at $538,482,000 after purchasing an additional 144,713 shares during the period. Dimensional Fund Advisors LP lifted its position in Williams Companies by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company's stock valued at $410,064,000 after purchasing an additional 311,530 shares during the period. Bahl & Gaynor Inc. lifted its position in Williams Companies by 8.8% during the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company's stock valued at $325,726,000 after purchasing an additional 618,056 shares during the period. Charles Schwab Investment Management Inc. raised its position in Williams Companies by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company's stock worth $330,470,000 after acquiring an additional 67,016 shares during the period. Finally, American Century Companies Inc. raised its position in Williams Companies by 20.1% in the second quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company's stock worth $259,985,000 after acquiring an additional 1,024,158 shares during the period. Institutional investors own 86.44% of the company's stock.

Insider Transactions at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company's stock, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Morgan Stanley raised shares of Williams Companies from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Mizuho increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.79.

Williams Companies Price Performance

Shares of NYSE:WMB traded up $0.38 on Friday, reaching $58.52. The company's stock had a trading volume of 3,638,531 shares, compared to its average volume of 6,555,747. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a market cap of $71.34 billion, a P/E ratio of 24.70, a PEG ratio of 5.96 and a beta of 1.03. The company has a 50-day simple moving average of $52.65 and a 200 day simple moving average of $46.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. As a group, equities research analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.25%. Williams Companies's dividend payout ratio (DPR) is presently 80.17%.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.