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

Elo Mutual Pension Insurance Co trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,092 shares of the pipeline company's stock after selling 8,487 shares during the period. Elo Mutual Pension Insurance Co's holdings in Williams Companies were worth $6,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company's stock valued at $1,631,288,000 after acquiring an additional 5,697,605 shares during the last quarter. Amundi raised its stake in Williams Companies by 28.8% during the fourth quarter. Amundi now owns 8,781,963 shares of the pipeline company's stock valued at $495,215,000 after purchasing an additional 1,964,421 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Williams Companies by 3,490.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company's stock valued at $86,605,000 after purchasing an additional 1,555,667 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Williams Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company's stock worth $7,054,876,000 after buying an additional 1,008,213 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Williams Companies by 224.1% in the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company's stock worth $60,909,000 after buying an additional 922,550 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now directly owns 714,693 shares of the company's stock, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. Corporate insiders own 0.44% of the company's stock.

Williams Companies Trading Up 0.6 %

WMB stock traded up $0.33 during mid-day trading on Monday, reaching $59.52. The company had a trading volume of 3,241,705 shares, compared to its average volume of 6,481,051. The company has a market capitalization of $72.58 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The firm has a 50 day moving average of $57.30 and a 200 day moving average of $54.60. The Williams Companies, Inc. has a 12 month low of $37.18 and a 12 month high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. Williams Companies's dividend payout ratio is 109.29%.

Analyst Ratings Changes

A number of research analysts recently commented on WMB shares. CIBC increased their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Scotiabank raised their price objective on Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Barclays raised their price target on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Morgan Stanley boosted their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Williams Companies has a consensus rating of "Hold" and a consensus target price of $56.07.

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.