Global Retirement Partners LLC Has $2.64 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Global Retirement Partners LLC decreased its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,840 shares of the pipeline company’s stock after selling 494 shares during the quarter. Global Retirement Partners LLC’s holdings in Williams Companies were worth $2,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in shares of Williams Companies in the first quarter worth about $27,000. SouthState Corp acquired a new position in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new position in Williams Companies in the 2nd quarter worth approximately $34,000. Quarry LP purchased a new position in Williams Companies during the 2nd quarter worth approximately $35,000. Finally, Kimelman & Baird LLC acquired a new stake in Williams Companies during the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 0.3 %

Williams Companies stock opened at $51.54 on Friday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.17. The company’s fifty day moving average price is $46.11 and its two-hundred day moving average price is $42.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The company has a market capitalization of $62.81 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 7.10 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts forecast that The Williams Companies, Inc. will post 1.9 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMB. Scotiabank lifted their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. UBS Group upped their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Barclays raised their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.46.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is 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.