The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,113,356 shares of the pipeline company's stock after selling 44,867 shares during the period. Mackenzie Financial Corp owned approximately 0.58% of Williams Companies worth $247,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rheos Capital Works Inc. grew its holdings in shares of Williams Companies by 59.0% during the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company's stock worth $22,988,000 after buying an additional 245,000 shares in the last quarter. Autumn Glory Partners LLC increased its holdings in shares of Williams Companies by 28.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company's stock worth $3,625,000 after acquiring an additional 23,579 shares during the last quarter. Wellington Management Group LLP raised its stake in Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company's stock valued at $321,867,000 after acquiring an additional 2,482,331 shares during the period. Bahl & Gaynor Inc. lifted its holdings in Williams Companies by 45.3% during the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company's stock valued at $220,506,000 after purchasing an additional 2,040,993 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Williams Companies by 3,338.2% in the fourth quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company's stock valued at $12,264,000 after purchasing an additional 341,863 shares during the last quarter. Institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on WMB. UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Truist Financial increased their target price on shares of Williams Companies from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.00.

Williams Companies Stock Performance

Shares of NYSE:WMB traded down $0.24 during trading on Monday, hitting $37.84. 7,809,529 shares of the company were exchanged, compared to its average volume of 7,115,655. The company has a market cap of $46.11 billion, a PE ratio of 14.53, a P/E/G ratio of 6.05 and a beta of 1.04. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The stock has a 50 day moving average of $36.58 and a 200 day moving average of $35.57.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period last year, the business posted $0.53 EPS. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.8 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 5.02%. Williams Companies's dividend payout ratio is presently 72.52%.

About Williams Companies

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.