The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 81.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,141 shares of the pipeline company’s stock after selling 141,377 shares during the period. Assenagon Asset Management S.A.’s holdings in Williams Companies were worth $1,292,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of Williams Companies by 3.9% in the third quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after buying an additional 712,048 shares during the period. Northern Trust Corp boosted its holdings in shares of Williams Companies by 8.1% during the third quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after purchasing an additional 1,089,150 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Williams Companies by 7.3% during the third quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after purchasing an additional 921,537 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 21.3% during the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after purchasing an additional 2,039,703 shares during the period. Finally, Norges Bank acquired a new stake in shares of Williams Companies during the fourth quarter worth approximately $306,417,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling

In related news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were 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 owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group lifted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Truist Financial lifted their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Wells Fargo & Company lifted 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 note on Friday, May 10th. Finally, Barclays lifted 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 note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $39.73.

Check Out Our Latest Stock Report on WMB

Williams Companies Stock Performance

Shares of NYSE:WMB traded up $0.35 during trading on Tuesday, reaching $41.79. The stock had a trading volume of 4,967,786 shares, compared to its average volume of 6,881,989. The Williams Companies, Inc. has a 52 week low of $28.27 and a 52 week high of $41.89. The firm has a market capitalization of $50.93 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 6.49 and a beta of 1.05. 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 fifty day simple moving average of $38.75 and a two-hundred day simple moving average of $36.42.

Williams Companies (NYSE:WMBGet Free Report) last released its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.82 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Williams Companies 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.

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

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