MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in The Williams Companies, Inc. (NYSE:WMB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,313,057 shares of the pipeline company's stock after acquiring an additional 110,978 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.35% of Williams Companies worth $233,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WMB. Quent Capital LLC bought a new stake in Williams Companies during the fourth quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in Williams Companies during the fourth quarter valued at $25,000. AlphaMark Advisors LLC bought a new stake in Williams Companies during the fourth quarter valued at $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies in the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. acquired a new stake in shares of Williams Companies in the 4th quarter worth about $28,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Price Performance

Shares of NYSE:WMB traded down $0.01 during midday trading on Friday, reaching $58.77. 5,117,958 shares of the company were exchanged, compared to its average volume of 6,637,203. The Williams Companies, Inc. has a one year low of $39.88 and a one year high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The business's fifty day moving average is $58.16 and its two-hundred day moving average is $56.82. The stock has a market cap of $71.66 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $0.59 EPS. The firm's revenue was up 10.0% compared to the same quarter last year. As a group, analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, June 13th. Williams Companies's payout ratio is 106.95%.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the transaction, the chief operating officer now directly owns 714,693 shares in the company, valued at approximately $37,907,316.72. This represents a 11.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMB shares. Citigroup upped their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Morgan Stanley increased their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Scotiabank increased their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Finally, CIBC increased their target price on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.50.

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.