Assetmark Inc. Has $17.20 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Assetmark Inc. grew its position in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,870 shares of the pipeline company’s stock after buying an additional 24,547 shares during the quarter. Assetmark Inc.’s holdings in Williams Companies were worth $17,202,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Williams Companies by 1.0% during the third quarter. Vanguard Group Inc. now owns 126,370,141 shares of the pipeline company’s stock worth $3,617,977,000 after purchasing an additional 1,193,704 shares during the period. State Street Corp raised its position in Williams Companies by 0.4% during the third quarter. State Street Corp now owns 88,880,791 shares of the pipeline company’s stock valued at $2,544,657,000 after acquiring an additional 393,245 shares in the last quarter. Royal Bank of Canada raised its position in Williams Companies by 85.8% during the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after acquiring an additional 7,551,749 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Williams Companies by 60.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 8,462,372 shares of the pipeline company’s stock valued at $242,278,000 after acquiring an additional 3,175,837 shares in the last quarter. Finally, Raymond James & Associates raised its position in Williams Companies by 13.0% during the fourth quarter. Raymond James & Associates now owns 8,071,146 shares of the pipeline company’s stock valued at $265,541,000 after acquiring an additional 928,532 shares in the last quarter. 85.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Williams Companies news, Director William H. Spence purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of $29.61 per share, for a total transaction of $148,050.00. Following the completion of the purchase, the director now directly owns 48,521 shares of the company’s stock, valued at $1,436,706.81. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 0.6 %

Shares of WMB stock opened at $29.08 on Friday. The Williams Companies, Inc. has a 1 year low of $27.80 and a 1 year high of $37.97. The firm’s fifty day simple moving average is $29.50 and its 200 day simple moving average is $31.31. The firm has a market capitalization of $35.42 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 4.22 and a beta of 1.16. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59.

Williams Companies (NYSE:WMB – Get Rating) last announced its earnings results on Wednesday, May 3rd. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. Williams Companies had a net margin of 22.53% and a return on equity of 17.24%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Williams Companies’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.98 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Monday, June 12th will be paid a dividend of $0.4475 per share. The ex-dividend date is Friday, June 9th. This represents a $1.79 dividend on an annualized basis and a yield of 6.16%. Williams Companies’s dividend payout ratio is currently 84.04%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James lowered shares of Williams Companies from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $40.00 to $36.00 in a research report on Thursday, April 20th. StockNews.com assumed coverage on shares of Williams Companies in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company cut their price objective on shares of Williams Companies from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. Barclays dropped their price target on shares of Williams Companies from $36.00 to $35.00 in a research report on Tuesday, April 18th. Finally, Truist Financial lowered shares of Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.42.

About Williams Companies

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The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.