Rockefeller Capital Management L.P. Has $55 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Rockefeller Capital Management L.P. increased its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,016,418 shares of the pipeline company's stock after purchasing an additional 24,419 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.08% of Williams Companies worth $54,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in Williams Companies during the 4th quarter worth about $720,000. Foundations Investment Advisors LLC raised its stake in shares of Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock worth $8,811,000 after acquiring an additional 19,782 shares during the last quarter. Golden State Equity Partners lifted its position in shares of Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock worth $651,000 after purchasing an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company's stock valued at $10,062,000 after purchasing an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP bought a new position in Williams Companies in the 4th quarter worth approximately $995,000. 86.44% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In related news, CAO Mary A. Hausman sold 8,896 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares in the company, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock valued at $7,563,278 in the last 90 days. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Up 2.0 %

Williams Companies stock traded up $1.16 during midday trading on Tuesday, reaching $58.52. The stock had a trading volume of 5,439,297 shares, compared to its average volume of 6,644,896. The stock has a market capitalization of $71.35 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The firm's fifty day simple moving average is $57.27 and its 200-day simple moving average is $55.61. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a 1-year low of $37.18 and a 1-year high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. This is an increase from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. Williams Companies's dividend payout ratio (DPR) is currently 109.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMB. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Barclays upped their target price on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Scotiabank lifted their price target on shares of Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Royal Bank of Canada boosted their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Finally, CIBC raised their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies has a consensus rating of "Hold" and an average price target of $56.07.

Williams Companies Company 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.