Rockefeller Capital Management L.P. Has $62.02 Million Stock Position in Williams Companies, Inc. (The) $WMB

Rockefeller Capital Management L.P. cut its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 929,697 shares of the pipeline company’s stock after selling 107,900 shares during the period. Rockefeller Capital Management L.P. owned 0.08% of Williams Companies worth $62,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WMB. Avantax Advisory Services Inc. raised its stake in shares of Williams Companies by 8.0% during the second quarter. Avantax Advisory Services Inc. now owns 83,512 shares of the pipeline company’s stock worth $5,245,000 after buying an additional 6,154 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Williams Companies by 1.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,110,206 shares of the pipeline company’s stock worth $258,162,000 after acquiring an additional 40,504 shares during the period. Intech Investment Management LLC raised its position in shares of Williams Companies by 4.5% during the 2nd quarter. Intech Investment Management LLC now owns 320,708 shares of the pipeline company’s stock valued at $20,144,000 after acquiring an additional 13,950 shares during the last quarter. MJP Associates Inc. ADV lifted its stake in shares of Williams Companies by 2.8% in the 2nd quarter. MJP Associates Inc. ADV now owns 10,081 shares of the pipeline company’s stock valued at $633,000 after purchasing an additional 271 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Williams Companies by 4.8% in the 2nd quarter. Cetera Investment Advisers now owns 691,150 shares of the pipeline company’s stock worth $43,411,000 after purchasing an additional 31,927 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 2.2%

NYSE:WMB opened at $60.93 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The business’s 50-day simple moving average is $60.67 and its 200-day simple moving average is $59.45. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The stock has a market capitalization of $74.41 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63.

Williams Companies (NYSE:WMB) last posted its 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). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company posted $0.43 earnings per share. Williams Companies’s revenue for the quarter was up 10.2% compared to the same quarter last year. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is currently 103.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WMB shares. The Goldman Sachs Group upped their price objective on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Barclays boosted their target price on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Argus reiterated a “buy” rating and issued a $66.00 price target on shares of Williams Companies in a research report on Thursday, August 14th. Morgan Stanley lifted their price objective on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.21.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the sale, the senior vice president directly owned 302,645 shares in the company, valued at $18,319,101.85. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.44% of the company’s stock.

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.