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

Global Retirement Partners LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 57,840 shares of the pipeline company’s stock after selling 494 shares during the period. Global Retirement Partners LLC’s holdings in Williams Companies were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Vontobel Holding Ltd. lifted its stake in shares of Williams Companies by 1.6% in the third quarter. Vontobel Holding Ltd. now owns 21,590 shares of the pipeline company’s stock valued at $986,000 after buying an additional 347 shares during the period. Sumitomo Life Insurance Co. raised its holdings in Williams Companies by 17.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 64,059 shares of the pipeline company’s stock valued at $2,924,000 after acquiring an additional 9,561 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Williams Companies by 25.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 9,709 shares of the pipeline company’s stock worth $443,000 after acquiring an additional 1,976 shares during the period. Occidental Asset Management LLC grew its holdings in shares of Williams Companies by 3.3% during the 3rd quarter. Occidental Asset Management LLC now owns 88,594 shares of the pipeline company’s stock worth $4,044,000 after purchasing an additional 2,817 shares in the last quarter. Finally, Creative Planning increased its position in shares of Williams Companies by 9.9% during the third quarter. Creative Planning now owns 199,046 shares of the pipeline company’s stock valued at $9,086,000 after purchasing an additional 17,983 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMB has been the subject of several research reports. Argus raised Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Scotiabank lifted their target price on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Citigroup upped their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. 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 research note on Wednesday, October 2nd. Finally, StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.46.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 0.3 %

NYSE WMB opened at $51.54 on Friday. The stock’s 50 day simple moving average is $46.11 and its 200 day simple moving average is $42.75. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.17. The firm has a market cap of $62.81 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 7.10 and a beta of 1.05. 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 posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping 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 company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.9 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

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.