124,357 Shares in The Williams Companies, Inc. (NYSE:WMB) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC purchased a new position 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 purchased 124,357 shares of the pipeline company’s stock, valued at approximately $4,331,000.

Several other institutional investors have also modified their holdings of WMB. SG Americas Securities LLC increased its holdings in Williams Companies by 120.8% in the third quarter. SG Americas Securities LLC now owns 26,424 shares of the pipeline company’s stock valued at $890,000 after buying an additional 153,630 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Williams Companies by 7.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 167,220 shares of the pipeline company’s stock valued at $5,634,000 after buying an additional 12,008 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Williams Companies by 13.0% in the third quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company’s stock valued at $505,000 after buying an additional 1,721 shares during the last quarter. Stonegate Investment Group LLC increased its holdings in Williams Companies by 9.8% in the third quarter. Stonegate Investment Group LLC now owns 29,679 shares of the pipeline company’s stock valued at $1,000,000 after buying an additional 2,648 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Williams Companies by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock valued at $380,748,000 after buying an additional 68,674 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of several research analyst reports. UBS Group boosted their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Truist Financial boosted their price objective on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. Finally, Barclays upped their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.22.

Williams Companies Stock Performance

WMB stock traded up $0.13 on Friday, reaching $38.67. The company’s stock had a trading volume of 4,420,828 shares, compared to its average volume of 6,587,367. The Williams Companies, Inc. has a 52 week low of $28.27 and a 52 week high of $39.76. The company has a market capitalization of $47.12 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05. The firm has a fifty day moving average of $37.85 and a two-hundred day moving average of $36.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period last year, the business posted $0.53 earnings per share. As a group, analysts predict that The Williams Companies, Inc. will post 1.82 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is 72.52%.

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.