TCV Trust & Wealth Management Inc. Sells 3,847 Shares of The Williams Companies, Inc. (NYSE:WMB)

TCV Trust & Wealth Management Inc. decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,796 shares of the pipeline company’s stock after selling 3,847 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Williams Companies were worth $9,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMB. SouthState Corp acquired a new stake in Williams Companies in the 2nd quarter worth $31,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies during the second quarter worth about $34,000. Quarry LP acquired a new stake in Williams Companies during the second quarter worth about $35,000. Kimelman & Baird LLC bought a new position in Williams Companies during the second quarter valued at about $42,000. Finally, EntryPoint Capital LLC acquired a new position in Williams Companies in the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $52.50 on Friday. The stock has a market capitalization of $63.98 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.85. The firm has a 50 day moving average of $47.17 and a 200-day moving average of $43.33. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio is currently 79.83%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the topic of a number of research reports. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Royal Bank of Canada lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $48.62.

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.