Empirical Asset Management LLC Has $514,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Empirical Asset Management LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,260 shares of the pipeline company’s stock after buying an additional 304 shares during the quarter. Empirical Asset Management LLC’s holdings in Williams Companies were worth $514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in shares of Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after purchasing an additional 1,175,628 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in shares of Williams Companies by 1.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after buying an additional 144,713 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after acquiring an additional 2,039,703 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after acquiring an additional 311,530 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in Williams Companies by 13.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after acquiring an additional 1,010,658 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup raised their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Truist Financial boosted their price target on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. UBS Group increased their price objective on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Scotiabank increased their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.08.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is owned by corporate insiders.

Williams Companies Trading Up 1.1 %

WMB stock opened at $51.05 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $51.19. The company has a market cap of $62.22 billion, a P/E ratio of 21.45, a PEG ratio of 6.89 and a beta of 1.05. The business has a fifty day moving average of $45.63 and a 200-day moving average of $42.54.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts expect that The Williams Companies, Inc. will post 1.9 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

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.