TCTC Holdings LLC Trims Holdings in The Williams Companies, Inc. (NYSE:WMB)

TCTC Holdings LLC reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 899,928 shares of the pipeline company’s stock after selling 6,513 shares during the quarter. Williams Companies accounts for about 1.4% of TCTC Holdings LLC’s investment portfolio, making the stock its 18th largest holding. TCTC Holdings LLC’s holdings in Williams Companies were worth $41,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WMB. CVA Family Office LLC increased its position in Williams Companies by 18.7% in the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after buying an additional 249 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of Williams Companies by 2.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 257 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Williams Companies by 0.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock valued at $1,326,000 after buying an additional 260 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Williams Companies by 3.5% during the third quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock valued at $368,000 after buying an additional 275 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Up 1.6 %

Shares of NYSE WMB opened at $56.32 on Friday. The stock has a market cap of $68.64 billion, a P/E ratio of 23.76, a P/E/G ratio of 6.19 and a beta of 1.03. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $56.80. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The firm has a 50 day moving average price of $48.81 and a 200 day moving average price of $44.34.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.37%. Williams Companies’s payout ratio is currently 80.17%.

Analysts Set New Price Targets

Several research analysts recently weighed in on WMB shares. Citigroup raised their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group raised their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.38.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 value of $90,580.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate 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.