TKG Advisors LLC Lowers Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

TKG Advisors LLC cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,579 shares of the pipeline company's stock after selling 11,348 shares during the period. Williams Companies makes up 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company's stock worth $1,631,288,000 after purchasing an additional 5,697,605 shares during the last quarter. Geode Capital Management LLC grew its holdings in Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company's stock worth $1,398,004,000 after buying an additional 520,663 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Williams Companies by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company's stock valued at $330,470,000 after buying an additional 67,016 shares during the last quarter. Swiss National Bank lifted its stake in Williams Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company's stock valued at $165,130,000 after acquiring an additional 9,800 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Williams Companies by 3.4% in the 3rd quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company's stock worth $149,326,000 after acquiring an additional 108,675 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WMB shares. Scotiabank restated a "sector perform" rating and set a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Mizuho boosted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Barclays lifted their price target on Williams Companies from $46.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Finally, UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One research 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. Based on data from MarketBeat, Williams Companies has an average rating of "Hold" and an average target price of $53.29.

Williams Companies Stock Performance

WMB stock traded down $1.02 during midday trading on Friday, reaching $57.44. 6,928,089 shares of the company's stock traded hands, compared to its average volume of 7,557,312. The Williams Companies, Inc. has a 52 week low of $34.26 and a 52 week high of $61.46. The company has a 50-day moving average price of $56.09 and a two-hundred day moving average price of $52.07. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The firm has a market capitalization of $70.01 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company 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 positive change from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies's payout ratio is 109.29%.

About Williams Companies

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.