TCG Advisory Services LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

TCG Advisory Services LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 124,357 shares of the pipeline company's stock, valued at approximately $4,331,000.

A number of other large investors also recently modified their holdings of the company. Patten Group Inc. grew its holdings in Williams Companies by 1.3% during the fourth quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company's stock worth $832,000 after acquiring an additional 296 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of Williams Companies by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company's stock valued at $353,000 after purchasing an additional 298 shares in the last quarter. Horan Securities Inc. lifted its stake in shares of Williams Companies by 2.6% in the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company's stock valued at $396,000 after purchasing an additional 300 shares during the period. Graypoint LLC grew its position in Williams Companies by 2.6% during the fourth quarter. Graypoint LLC now owns 12,263 shares of the pipeline company's stock valued at $427,000 after buying an additional 307 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in Williams Companies by 20.8% in the third quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company's stock valued at $61,000 after buying an additional 310 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WMB. UBS Group increased their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, April 12th. Barclays raised their price objective on Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, April 11th. Truist Financial upped their target price on Williams Companies from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, March 25th. Wolfe Research reissued an "underperform" rating and issued a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Finally, US Capital Advisors cut shares of Williams Companies from an "overweight" rating to a "hold" rating in a research report on Monday, April 29th. 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 company's stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of "Hold" and a consensus target price of $39.22.

Williams Companies Price Performance

NYSE WMB traded up $0.13 during trading hours on Friday, hitting $38.67. 4,420,828 shares of the company's stock traded hands, 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 debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The firm's 50-day moving average is $37.85 and its 200-day moving average is $36.01. The company has a market capitalization of $47.12 billion, a PE ratio of 14.76, a PEG ratio of 6.07 and a beta of 1.05.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results 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 net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities analysts forecast that The Williams Companies, Inc. will post 1.82 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies's dividend payout ratio is presently 72.52%.

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.