Victory Capital Management Inc. Has $54.49 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Victory Capital Management Inc. cut its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,193,647 shares of the pipeline company's stock after selling 155,297 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of Williams Companies worth $54,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. SouthState Corp acquired a new position in Williams Companies during the 2nd quarter worth $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the 2nd quarter worth about $34,000. Rosenberg Matthew Hamilton raised its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock worth $34,000 after buying an additional 252 shares in the last quarter. Quarry LP bought a new stake in shares of Williams Companies during the 2nd quarter worth about $35,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Trading Up 0.9 %

Shares of NYSE WMB traded up $0.48 during midday trading on Friday, hitting $56.06. The stock had a trading volume of 3,066,043 shares, compared to its average volume of 6,232,531. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $57.33. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a market cap of $68.34 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 5.73 and a beta of 1.03. The company's 50-day simple moving average is $49.69 and its 200 day simple moving average is $44.81.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Research analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.39%. Williams Companies's dividend payout ratio (DPR) is 80.17%.

Insider Activity at Williams Companies

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Bank of America assumed coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a "buy" rating and a $55.00 target price on the stock. Seaport Res Ptn downgraded shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 30th. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Barclays lifted their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised shares of Williams Companies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $52.00 to $58.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $51.54.

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.