Elo Mutual Pension Insurance Co Has $4.43 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Elo Mutual Pension Insurance Co lessened its position in The Williams Companies, Inc. (NYSE:WMB) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,209 shares of the pipeline company’s stock after selling 25,236 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Williams Companies were worth $4,429,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $27,000. Fairman Group LLC acquired a new position in shares of Williams Companies during the 4th quarter worth approximately $31,000. SouthState Corp acquired a new position in shares of Williams Companies during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies during the 2nd quarter worth approximately $34,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. UBS Group boosted their price target on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Truist Financial boosted their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Finally, Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and a consensus price target of $43.50.

Williams Companies Stock Performance

WMB opened at $45.18 on Thursday. The business has a fifty day simple moving average of $43.96 and a 200 day simple moving average of $41.23. The company has a market capitalization of $55.06 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.82. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. Research analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.21%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.