Envestnet Portfolio Solutions Inc. Has $4.09 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Envestnet Portfolio Solutions Inc. lessened its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,590 shares of the pipeline company's stock after selling 11,363 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Williams Companies were worth $4,091,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Williams Companies by 19.0% in 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 buying an additional 5,697,605 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Williams Companies by 1.7% in the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company's stock valued at $1,398,004,000 after acquiring an additional 520,663 shares in the last quarter. Amundi grew its stake in shares of Williams Companies by 28.8% in the fourth quarter. Amundi now owns 8,781,963 shares of the pipeline company's stock valued at $495,215,000 after acquiring an additional 1,964,421 shares in the last quarter. 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 acquiring an additional 234,423 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Williams Companies by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,405,951 shares of the pipeline company's stock worth $400,810,000 after purchasing an additional 166,741 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

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Insiders Place Their Bets

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the transaction, the senior vice president now directly owns 81,265 shares of the company's stock, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Chad A. Teply sold 26,000 shares of the firm's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock valued at $7,563,278 in the last ninety days. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

WMB has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group increased their price target on Williams Companies from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Citigroup lifted their price objective on Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Barclays increased their target price on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of "Hold" and an average target price of $55.21.

Williams Companies Price Performance

Shares of NYSE WMB traded down $0.16 during midday trading on Friday, reaching $59.60. 13,202,488 shares of the company were exchanged, compared to its average volume of 6,184,065. The Williams Companies, Inc. has a one year low of $37.18 and a one year high of $61.46. The stock has a market cap of $72.67 billion, a P/E ratio of 32.57, a PEG ratio of 5.01 and a beta of 1.03. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The stock's 50-day moving average price is $57.09 and its 200-day moving average price is $53.93.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting 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, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.36%. Williams Companies's dividend payout ratio (DPR) is currently 109.29%.

About Williams Companies

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.