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

Rockefeller Capital Management L.P. increased its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure 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 period. Rockefeller Capital Management L.P. owned approximately 0.08% of Williams Companies worth $54,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft grew its holdings in Williams Companies by 3.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company's stock worth $300,000 after acquiring an additional 180 shares during the last quarter. Albion Financial Group UT grew its stake in shares of Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company's stock valued at $64,000 after purchasing an additional 184 shares during the last quarter. Sprinkle Financial Consultants LLC increased its holdings in shares of Williams Companies by 3.8% in the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company's stock valued at $275,000 after purchasing an additional 185 shares in the last quarter. AMG National Trust Bank raised its position in Williams Companies by 0.6% in the 4th quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock worth $1,669,000 after purchasing an additional 186 shares during the last quarter. Finally, Tower Wealth Partners Inc. lifted its holdings in Williams Companies by 4.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock worth $248,000 after buying an additional 191 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Scotiabank upped their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. CIBC raised their price target on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Citigroup upped their price objective on Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley raised their target price on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Williams Companies has an average rating of "Hold" and an average price target of $56.07.

Williams Companies Stock Up 0.4 %

Shares of NYSE WMB traded up $0.23 during mid-day trading on Friday, reaching $58.49. 6,895,827 shares of the company's stock traded hands, compared to its average volume of 6,631,570. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The business has a 50-day simple moving average of $57.37 and a 200 day simple moving average of $55.72. The stock has a market cap of $71.32 billion, a P/E ratio of 31.96, a PEG ratio of 5.01 and a beta of 0.87. The Williams Companies, Inc. has a 1-year low of $37.27 and a 1-year high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, 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. Investors of record on Friday, March 14th were issued a $0.50 dividend. This is an increase from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, March 14th. Williams Companies's payout ratio is 109.29%.

Insider Buying and Selling

In other Williams Companies news, COO Micheal G. Dunn sold 96,687 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now directly owns 714,693 shares of the company's stock, valued at $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,583 shares of company stock worth $7,563,278. Insiders own 0.44% of the company's stock.

About Williams Companies

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.