Victory Capital Management Inc. Decreases Holdings in The Williams Companies, Inc. (NYSE:WMB)

Victory Capital Management Inc. reduced its position in The Williams Companies, Inc. (NYSE:WMB) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WMB. SouthState Corp purchased a new position in Williams Companies in the second quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies in the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. Quarry LP bought a new position in Williams Companies in the second quarter worth approximately $35,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Williams Companies during the 2nd quarter worth $42,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.0 %

WMB opened at $55.58 on Friday. The company has a market capitalization of $67.75 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 5.56 and a beta of 1.03. The firm has a 50-day simple moving average of $49.48 and a two-hundred day simple moving average of $44.74. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts forecast that The Williams Companies, Inc. will post 2.01 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling at Williams Companies

In other 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 transaction of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on 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 directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WMB shares. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Scotiabank boosted their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Barclays raised 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 note on Wednesday, October 2nd. Finally, Citigroup upped their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Williams Companies presently has an average rating of “Hold” and a consensus target price of $50.38.

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.