Clean Energy Transition LLP Buys New Position in The Williams Companies, Inc. (NYSE:WMB)

Clean Energy Transition LLP purchased a new position in The Williams Companies, Inc. (NYSE:WMB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 630,110 shares of the pipeline company's stock, valued at approximately $34,102,000. Williams Companies accounts for about 1.3% of Clean Energy Transition LLP's investment portfolio, making the stock its 8th biggest holding. Clean Energy Transition LLP owned 0.05% of Williams Companies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Williams Companies in the 4th quarter worth $575,103,000. Amundi increased its stake in shares of Williams Companies by 28.8% during the fourth quarter. Amundi now owns 8,781,963 shares of the pipeline company's stock worth $495,215,000 after purchasing an additional 1,964,421 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company's stock worth $86,605,000 after purchasing an additional 1,555,667 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Williams Companies by 147.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,906,740 shares of the pipeline company's stock valued at $103,193,000 after buying an additional 1,135,195 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Williams Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company's stock worth $7,054,876,000 after buying an additional 1,008,213 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Trading Down 0.1 %

Shares of NYSE WMB traded down $0.06 during trading on Wednesday, reaching $58.48. The stock had a trading volume of 1,311,639 shares, compared to its average volume of 6,624,178. The company has a market cap of $71.31 billion, a P/E ratio of 31.96, a PEG ratio of 5.01 and a beta of 0.87. The Williams Companies, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $61.67. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The business's 50-day moving average price is $57.27 and its 200-day moving average price is $55.61.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, equities 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. This is an increase from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. Williams Companies's dividend payout ratio is 109.29%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank increased their target price on Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Truist Financial raised their price objective on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a report on Friday, February 14th. CIBC upped their target price on shares of Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Royal Bank of Canada raised their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Finally, Barclays upped their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. One investment 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, Williams Companies has a consensus rating of "Hold" and an average price target of $56.07.

Insiders Place Their Bets

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 133,048 shares of the company's stock, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares of the company's stock, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by corporate insiders.

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.