Evoke Wealth LLC Purchases 660 Shares of The Williams Companies, Inc. (NYSE:WMB)

Evoke Wealth LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,262 shares of the pipeline company’s stock after purchasing an additional 660 shares during the quarter. Evoke Wealth LLC’s holdings in Williams Companies were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Williams Companies in the fourth quarter worth about $306,417,000. Wellington Management Group LLP lifted its holdings in shares of Williams Companies by 35.1% in the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after acquiring an additional 2,482,331 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Williams Companies by 55.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock valued at $165,106,000 after buying an additional 1,740,677 shares during the period. Jennison Associates LLC increased its stake in shares of Williams Companies by 69.2% in the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after buying an additional 1,679,452 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in shares of Williams Companies by 292.5% in the third quarter. Epoch Investment Partners Inc. now owns 1,712,038 shares of the pipeline company’s stock valued at $57,679,000 after buying an additional 1,275,872 shares during the period. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WMB. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. UBS Group increased their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Barclays increased their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Stifel Nicolaus increased their target price on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Truist Financial increased their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target of $39.73.

Check Out Our Latest Analysis on WMB

Williams Companies Price Performance

Shares of WMB opened at $41.51 on Monday. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $41.89. The business’s fifty day moving average is $39.33 and its 200 day moving average is $36.76. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The stock has a market cap of $50.59 billion, a P/E ratio of 17.44, a P/E/G ratio of 6.54 and a beta of 1.05.

Williams Companies (NYSE:WMBGet Free Report) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the business earned $0.56 EPS. Williams Companies’s quarterly revenue was down 10.1% compared to the same quarter last year. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now directly owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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