Quantinno Capital Management LP Boosts Position in The Williams Companies, Inc. (NYSE:WMB)

Quantinno Capital Management LP boosted its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,843 shares of the pipeline company's stock after buying an additional 40,766 shares during the period. Quantinno Capital Management LP's holdings in Williams Companies were worth $7,893,000 at the end of the most recent quarter.

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

Williams Companies Stock Performance

Shares of WMB traded down $0.29 during midday trading on Monday, reaching $58.50. 4,107,148 shares of the stock were exchanged, compared to its average volume of 6,626,919. The company has a market capitalization of $71.33 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 5.01 and a beta of 0.66. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a twelve month low of $39.88 and a twelve month high of $61.67. The business's 50-day moving average price is $58.24 and its 200 day moving average price is $56.93.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Williams Companies's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. On average, sell-side analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Friday, June 13th. Williams Companies's dividend payout ratio (DPR) is presently 106.95%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays lifted their target price on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Citigroup raised their price target on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Morgan Stanley lifted their target price on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lifted their target price on Williams Companies from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams Companies presently has an average rating of "Moderate Buy" and an average price target of $60.50.

Insider Transactions at Williams Companies

In other Williams Companies news, COO Micheal G. Dunn sold 96,687 shares of the firm's 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 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. This trade represents a 11.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the sale, the senior vice president now owns 133,048 shares of the company's stock, valued at $7,511,890.08. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by insiders.

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.