TKG Advisors LLC Cuts Stake in The Williams Companies, Inc. (NYSE:WMB)

TKG Advisors LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB) by 20.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,579 shares of the pipeline company’s stock after selling 11,348 shares during the quarter. Williams Companies accounts for about 1.2% of TKG Advisors LLC’s holdings, making the stock its 26th biggest holding. TKG Advisors LLC’s holdings in Williams Companies were worth $2,656,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Board of the Pension Protection Fund bought a new stake in Williams Companies in the fourth quarter valued at approximately $720,000. Foundations Investment Advisors LLC increased its stake in shares of Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after buying an additional 19,782 shares during the period. Golden State Equity Partners raised its holdings in Williams Companies by 319.9% during the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after buying an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC boosted its position in Williams Companies by 81.4% during the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after buying an additional 83,429 shares during the period. Finally, Myriad Asset Management US LP bought a new stake in Williams Companies in the 4th quarter worth $995,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $57.78 on Wednesday. The business has a fifty day moving average price of $55.97 and a 200-day moving average price of $51.98. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The company has a market capitalization of $70.44 billion, a PE ratio of 31.57, a PEG ratio of 5.07 and a beta of 1.04. The Williams Companies, Inc. has a 1-year low of $33.85 and a 1-year high of $61.46.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, equities analysts expect that The Williams Companies, Inc. will post 2.06 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.46%. Williams Companies’s dividend payout ratio is 103.83%.

Analysts Set New Price Targets

WMB has been the subject of several recent analyst reports. 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 research note on Tuesday, November 26th. Truist Financial lifted their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. UBS Group upped their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Scotiabank reiterated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Finally, Mizuho upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.