Voya Investment Management LLC Has $34.18 Million Stock Position in Williams Companies, Inc. (The) $WMB

Voya Investment Management LLC lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 80.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,502 shares of the pipeline company’s stock after selling 2,259,246 shares during the period. Voya Investment Management LLC’s holdings in Williams Companies were worth $34,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Diversified Trust Co lifted its stake in Williams Companies by 28.5% in the second quarter. Diversified Trust Co now owns 46,549 shares of the pipeline company’s stock valued at $2,924,000 after buying an additional 10,317 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Williams Companies by 362.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock worth $87,608,000 after acquiring an additional 1,149,045 shares during the period. Seven Post Investment Office LP bought a new stake in Williams Companies in the 2nd quarter valued at $3,879,000. ORG Partners LLC boosted its stake in Williams Companies by 153.4% in the 2nd quarter. ORG Partners LLC now owns 831 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 503 shares during the period. Finally, Adams Natural Resources Fund Inc. boosted its stake in Williams Companies by 1,238.3% in the 2nd quarter. Adams Natural Resources Fund Inc. now owns 365,350 shares of the pipeline company’s stock worth $22,948,000 after purchasing an additional 338,050 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $61.90, for a total value of $123,800.00. Following the completion of the transaction, the senior vice president owned 297,545 shares of the company’s stock, valued at $18,418,035.50. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WMB shares. Barclays boosted their price target on Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Mizuho raised Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 15th. Jefferies Financial Group decreased their price target on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Stock Down 0.7%

WMB stock opened at $58.26 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average price of $60.05 and a two-hundred day moving average price of $59.65. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.56 and a beta of 0.62. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data 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). The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, December 12th. Williams Companies’s dividend payout ratio is 103.09%.

About Williams Companies

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.