Sompo Asset Management Co. Ltd. Purchases Shares of 11,200 The Williams Companies, Inc. (NYSE:WMB)

Sompo Asset Management Co. Ltd. purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,200 shares of the pipeline company’s stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Williams Companies in the fourth quarter worth $306,417,000. Wellington Management Group LLP grew its holdings in shares of 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 valued at $321,867,000 after buying an additional 2,482,331 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Williams Companies by 55.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock valued at $165,106,000 after buying an additional 1,740,677 shares during the period. Jennison Associates LLC increased its position in Williams Companies by 69.2% in the 4th 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 during the last quarter. Finally, Morningstar Investment Services LLC lifted its stake in Williams Companies by 3,821.2% in the fourth quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock valued at $55,180,000 after acquiring an additional 1,539,431 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on WMB. Barclays lifted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. UBS Group lifted their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Stifel Nicolaus increased their price target on Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Williams Companies has a consensus rating of “Hold” and an average target price of $40.45.

Get Our Latest Stock Report on Williams Companies

Williams Companies Stock Down 0.6 %

WMB stock traded down $0.24 during trading on Friday, reaching $40.70. 6,157,215 shares of the stock were exchanged, compared to its average volume of 5,503,443. 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 Williams Companies, Inc. has a twelve month low of $30.10 and a twelve month high of $41.89. The firm’s 50 day moving average is $39.59 and its 200 day moving average is $36.95. The firm has a market cap of $49.60 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 6.52 and a beta of 1.05.

Williams Companies (NYSE:WMBGet Free Report) last posted its quarterly earnings results 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. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the firm posted $0.56 EPS. Williams Companies’s revenue was down 10.1% compared to the same quarter last year. As a group, research analysts forecast 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 paid a dividend of $0.475 per share. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.67%. Williams Companies’s dividend payout ratio (DPR) is currently 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.

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

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