Elo Mutual Pension Insurance Co Has $6.34 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

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

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Williams Companies by 0.8% in the fourth 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 during the last quarter. Wellington Management Group LLP raised its holdings 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 purchasing an additional 5,697,605 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company's stock valued at $1,398,004,000 after purchasing an additional 520,663 shares during the last quarter. Amundi boosted its holdings in Williams Companies by 28.8% in the fourth quarter. Amundi now owns 8,781,963 shares of the pipeline company's stock worth $495,215,000 after purchasing an additional 1,964,421 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in Williams Companies by 2.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 8,425,933 shares of the pipeline company's stock worth $456,012,000 after buying an additional 234,423 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Performance

WMB stock traded up $0.50 during midday trading on Tuesday, hitting $60.26. The stock had a trading volume of 1,675,342 shares, compared to its average volume of 6,481,547. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The stock has a 50-day simple moving average of $57.31 and a 200 day simple moving average of $54.70. The firm has a market capitalization of $73.48 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 5.01 and a beta of 1.03.

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

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. Williams Companies's dividend payout ratio is presently 109.29%.

Insider Buying and Selling

In other news, CAO Mary A. Hausman sold 8,896 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares in the company, valued at approximately $1,284,492.50. The trade was a 28.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the sale, the senior vice president now owns 133,048 shares of the company's stock, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 in the last 90 days. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WMB shares. Morgan Stanley boosted their price target on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Scotiabank upped their target price on Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Truist Financial lifted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. CIBC upped their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada raised their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $56.07.

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.