Envestnet Portfolio Solutions Inc. Has $4.97 Million Stock Position in Williams Companies, Inc. (The) (NYSE:WMB)

Envestnet Portfolio Solutions Inc. boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 10.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,190 shares of the pipeline company's stock after buying an additional 7,600 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Williams Companies were worth $4,971,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Menard Financial Group LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $26,000. Sandy Spring Bank acquired a new position in shares of Williams Companies in the 4th quarter valued at $27,000. Hoey Investments Inc. acquired a new position in shares of Williams Companies in the 4th quarter valued at $28,000. Abound Wealth Management boosted its position in shares of Williams Companies by 119.4% in the 1st quarter. Abound Wealth Management now owns 634 shares of the pipeline company's stock valued at $38,000 after purchasing an additional 345 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $35,000. Institutional investors own 86.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Citigroup increased their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Scotiabank increased their price objective on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Williams Companies has a consensus rating of "Hold" and a consensus target price of $61.25.

Williams Companies Price Performance

Shares of WMB stock remained flat at $60.49 during trading on Monday. The company had a trading volume of 11,632,870 shares, compared to its average volume of 6,821,904. The stock has a 50 day moving average price of $59.06 and a 200 day moving average price of $57.44. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $61.67. The firm has a market cap of $73.76 billion, a P/E ratio of 31.34, a PEG ratio of 4.47 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business earned $0.59 EPS. The firm's revenue was up 10.0% compared to the same quarter last year. Analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's dividend payout ratio (DPR) is currently 106.95%.

Williams Companies Company 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.