TCV Trust & Wealth Management Inc. Lowers Position in The Williams Companies, Inc. (NYSE:WMB)

TCV Trust & Wealth Management Inc. decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,131 shares of the pipeline company’s stock after selling 1,665 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Williams Companies were worth $11,481,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WMB. Valeo Financial Advisors LLC increased its stake in Williams Companies by 5.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,459 shares of the pipeline company’s stock valued at $295,000 after purchasing an additional 337 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Williams Companies by 5.8% during the 3rd quarter. Ritholtz Wealth Management now owns 9,203 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 506 shares during the period. CHICAGO TRUST Co NA acquired a new position in Williams Companies in the third quarter valued at $246,000. Empirical Asset Management LLC lifted its position in Williams Companies by 2.8% during the third quarter. Empirical Asset Management LLC now owns 11,260 shares of the pipeline company’s stock worth $514,000 after buying an additional 304 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Williams Companies in the third quarter worth approximately $235,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Scotiabank reiterated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. The Goldman Sachs Group upped their target price 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. Bank of America assumed coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Mizuho raised 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.00.

Williams Companies Price Performance

Williams Companies stock opened at $55.24 on Wednesday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46. The firm has a market cap of $67.33 billion, a P/E ratio of 23.31, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The business’s fifty day moving average is $55.90 and its two-hundred day moving average is $51.40.

Williams Companies Increases Dividend

The firm also recently declared 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 is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. Williams Companies’s payout ratio is currently 80.17%.

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.