Envestnet Asset Management Inc. Has $226.68 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Envestnet Asset Management Inc. reduced its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,188,552 shares of the pipeline company's stock after selling 586,024 shares during the period. Envestnet Asset Management Inc. owned about 0.34% of Williams Companies worth $226,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in Williams Companies in the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Williams Companies during the 4th quarter worth $25,000. AlphaMark Advisors LLC bought a new position in shares of Williams Companies during the 4th quarter valued at $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies in the 4th quarter valued at $27,000. Finally, Hoey Investments Inc. bought a new stake in Williams Companies in the fourth quarter worth $28,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

WMB traded up $1.17 on Friday, hitting $56.24. 7,477,342 shares of the stock traded hands, compared to its average volume of 6,666,684. The business has a fifty day moving average price of $57.22 and a two-hundred day moving average price of $55.43. 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 firm has a market capitalization of $68.58 billion, a PE ratio of 30.73, a P/E/G ratio of 5.01 and a beta of 0.87. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67.

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

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.50 dividend. This is a boost from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. Williams Companies's dividend payout ratio is currently 109.29%.

Insider Transactions at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Chad A. Teply sold 26,000 shares of the firm'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 transaction, 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. In the last three months, insiders sold 139,583 shares of company stock valued at $7,563,278. Company insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

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