Crowley Wealth Management Inc. Takes $43,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Crowley Wealth Management Inc. bought a new stake in The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 788 shares of the pipeline company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft grew its stake 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 purchasing an additional 180 shares during the last quarter. Albion Financial Group UT grew its stake in Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after purchasing an additional 184 shares during the last quarter. Sprinkle Financial Consultants LLC grew its stake in Williams Companies by 3.8% in the fourth 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 grew its stake in Williams Companies by 0.6% in the fourth 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. grew its stake in Williams Companies by 4.3% in the fourth 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 last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $59.60 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.46. The business’s 50 day moving average price is $57.09 and its 200 day moving average price is $54.05. The firm has a market cap of $72.67 billion, a P/E ratio of 32.57, a P/E/G ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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, sell-side analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is currently 109.29%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays lifted their target price on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. CIBC upped 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. Royal Bank of Canada upped 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. Finally, Truist Financial upped 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.21.

Insiders Place Their Bets

In other news, SVP Chad A. Teply sold 26,000 shares of the company’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 completion of the transaction, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the transaction, the chief operating officer now directly owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,583 shares of company stock worth $7,563,278. 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.