IronBridge Private Wealth LLC Purchases Shares of 4,157 The Williams Companies, Inc. (NYSE:WMB)

IronBridge Private Wealth LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, Holdings Channel reports. The fund acquired 4,157 shares of the pipeline company’s stock, valued at approximately $225,000.

Several other large investors have also modified their holdings of the stock. Baader Bank Aktiengesellschaft lifted its position in Williams Companies by 3.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock valued at $300,000 after acquiring an additional 180 shares during the last quarter. Albion Financial Group UT increased its position in shares of Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after purchasing an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC lifted its holdings in shares of Williams Companies by 3.8% in the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock valued at $275,000 after purchasing an additional 185 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of Williams Companies by 0.6% in the 4th quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company’s stock valued at $1,669,000 after purchasing an additional 186 shares during the last quarter. Finally, Tower Wealth Partners Inc. boosted its position in shares of Williams Companies by 4.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.4 %

WMB stock opened at $58.49 on Friday. The Williams Companies, Inc. has a 52 week low of $37.69 and a 52 week 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 company has a market cap of $71.32 billion, a P/E ratio of 31.96, a P/E/G ratio of 5.01 and a beta of 0.87. The company’s 50-day moving average price is $57.43 and its 200 day moving average price is $55.86.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were 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 was Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is 109.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WMB shares. Barclays boosted their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. CIBC upped their price target 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. Royal Bank of Canada increased their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Truist Financial lifted 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. Finally, Morgan Stanley increased their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.77.

Insider Buying and Selling

In other Williams Companies news, COO Micheal G. Dunn sold 96,687 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total value of $5,128,278.48. Following the sale, the chief operating officer now owns 714,693 shares of the company’s stock, valued at $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock worth $7,563,278 in the last three months. Corporate insiders own 0.44% of the company’s stock.

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.