The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,201 shares of the pipeline company’s stock after acquiring an additional 4,244 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Williams Companies were worth $3,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMB. Norges Bank acquired a new stake in Williams Companies during the fourth quarter worth about $306,417,000. Wellington Management Group LLP boosted its position in Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after purchasing an additional 2,482,331 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Williams Companies by 55.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock worth $165,106,000 after purchasing an additional 1,740,677 shares in the last quarter. Jennison Associates LLC boosted its position in Williams Companies by 69.2% during the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock worth $143,003,000 after purchasing an additional 1,679,452 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its position in Williams Companies by 3,821.2% during the fourth quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock worth $55,180,000 after purchasing an additional 1,539,431 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMB. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. CIBC raised their target price on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. UBS Group raised their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Truist Financial raised their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $46.00 in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

View Our Latest Report on WMB

Insiders Place Their Bets

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.44% of the stock is owned by company insiders.

Williams Companies Price Performance

WMB stock opened at $41.48 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $50.55 billion, a PE ratio of 17.43, a P/E/G ratio of 6.41 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $30.10 and a 12-month high of $41.89. The business’s fifty day moving average price is $39.64 and its 200 day moving average price is $37.00.

Williams Companies (NYSE:WMBGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 annualized dividend and a yield of 4.58%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

About Williams Companies

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMBFree Report).

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.