Assetmark Inc. Has $3 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Assetmark Inc. cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,453 shares of the pipeline company's stock after selling 5,240 shares during the period. Assetmark Inc.'s holdings in Williams Companies were worth $3,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMB. Wellington Management Group LLP grew its stake in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company's stock worth $1,631,288,000 after purchasing an additional 5,697,605 shares in the last quarter. Geode Capital Management LLC grew its position in 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 buying an additional 520,663 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in Williams Companies by 2.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 8,425,933 shares of the pipeline company's stock valued at $456,012,000 after buying an additional 234,423 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Williams Companies by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,405,951 shares of the pipeline company's stock valued at $400,810,000 after acquiring an additional 166,741 shares during the period. Finally, Swiss National Bank raised its holdings in Williams Companies by 0.3% during the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company's stock worth $165,130,000 after purchasing an additional 9,800 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

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Insider Activity at Williams Companies

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WMB shares. Royal Bank of Canada increased their price target on Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Citigroup raised their target price on Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Barclays lifted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $55.07.

Williams Companies Stock Down 0.4 %

NYSE:WMB traded down $0.23 during trading hours on Thursday, hitting $56.08. 7,835,773 shares of the company's stock traded hands, compared to its average volume of 7,856,526. The Williams Companies, Inc. has a twelve month low of $36.56 and a twelve month high of $61.46. The firm has a market cap of $68.38 billion, a P/E ratio of 30.64, a P/E/G ratio of 5.01 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock's fifty day moving average price is $56.76 and its two-hundred day moving average price is $53.35.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (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%. On average, research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.57%. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies's payout ratio is currently 109.29%.

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.