Robeco Institutional Asset Management B.V. Buys 134,603 Shares of The Williams Companies, Inc. (NYSE:WMB)

Robeco Institutional Asset Management B.V. grew its stake in The Williams Companies, Inc. (NYSE:WMB) by 37.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 493,347 shares of the pipeline company’s stock after acquiring an additional 134,603 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Williams Companies were worth $22,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WMB. SouthState Corp acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter valued at $34,000. Rosenberg Matthew Hamilton increased its stake in shares of Williams Companies by 50.4% in the 3rd 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 period. Quarry LP bought a new stake in shares of Williams Companies during the second quarter worth $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Williams Companies during the second quarter valued at $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMB. Citigroup lifted their price objective on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. CIBC boosted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Truist Financial upped their target price on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus price target of $50.38.

Williams Companies Trading Up 1.7 %

NYSE:WMB opened at $53.05 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The business’s 50-day simple moving average is $48.19 and its 200-day simple moving average is $44.06. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $53.30. The stock has a market capitalization of $64.65 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 5.78 and a beta of 1.03.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. Sell-side analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.58%. Williams Companies’s payout ratio is presently 81.55%.

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.