The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC lowered its holdings in The Williams Companies, Inc. (NYSE:WMB) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,430 shares of the pipeline company’s stock after selling 3,410 shares during the period. Global Retirement Partners LLC’s holdings in Williams Companies were worth $2,946,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $27,000. Financial Life Planners acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Williams Companies in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. The Goldman Sachs Group raised their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. UBS Group raised their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.29.

Williams Companies Price Performance

Shares of WMB opened at $58.25 on Thursday. The firm has a market cap of $71.01 billion, a PE ratio of 31.83, a PEG ratio of 5.07 and a beta of 1.04. The firm’s 50 day moving average price is $56.02 and its 200 day moving average price is $52.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a twelve month low of $33.85 and a twelve month high of $61.46.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, research analysts expect that The Williams Companies, Inc. will post 2.06 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is presently 103.83%.

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.