788 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. bought a new position in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 788 shares of the pipeline company’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMB. Quent Capital LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies in the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Sandy Spring Bank purchased a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Williams Companies in the 3rd quarter worth approximately $30,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. CIBC increased their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Citigroup increased their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Barclays increased their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.21.

Williams Companies Stock Down 0.3 %

Shares of WMB opened at $59.60 on Monday. The company has a market cap of $72.67 billion, a PE ratio of 32.57, a P/E/G ratio of 5.01 and a beta of 1.03. The business has a fifty day moving average of $57.09 and a 200 day moving average of $54.05. The Williams Companies, Inc. has a 52-week low of $37.18 and a 52-week high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

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

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.36%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

Insider Transactions at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company’s stock, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by insiders.

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.