Global Retirement Partners LLC Sells 3,410 Shares of The Williams Companies, Inc. (NYSE:WMB)

Global Retirement Partners LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,430 shares of the pipeline company’s stock after selling 3,410 shares during the quarter. Global Retirement Partners LLC’s holdings in Williams Companies were worth $2,946,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Baader Bank Aktiengesellschaft grew its holdings in shares of Williams Companies by 3.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after purchasing an additional 180 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Williams Companies by 18.4% in the 4th 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 during the last quarter. Sprinkle Financial Consultants LLC grew 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 worth $275,000 after purchasing an additional 185 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Williams Companies by 24.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 195 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Williams Companies by 2.6% in the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $58.25 on Thursday. 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 company has a market capitalization of $71.01 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 5.07 and a beta of 1.04. The company’s 50 day moving average price is $56.02 and its two-hundred day moving average price is $52.03. The Williams Companies, Inc. has a 52 week low of $33.85 and a 52 week high of $61.46.

Williams Companies (NYSE:WMB) last announced its 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 net margin of 21.17% and a return on equity of 15.85%. On average, analysts expect that The Williams Companies, Inc. will post 2.06 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group increased their price objective 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. Barclays increased their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. The Goldman Sachs Group upped their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial upped their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Mizuho upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.29.

Williams Companies 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.