TCV Trust & Wealth Management Inc. Has $11.48 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

TCV Trust & Wealth Management Inc. cut its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.8% in the fourth quarter, according to the company in its most recent disclosure 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 SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its position in shares of Williams Companies by 5.5% in the third quarter. Valeo Financial Advisors LLC now owns 6,459 shares of the pipeline company’s stock valued at $295,000 after acquiring an additional 337 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Williams Companies by 5.8% during the 3rd quarter. Ritholtz Wealth Management now owns 9,203 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 506 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Williams Companies during the 3rd quarter worth about $246,000. Empirical Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 304 shares during the period. Finally, Wesbanco Bank Inc. bought a new stake in Williams Companies in the 3rd quarter valued at $235,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Williams Companies stock opened at $55.24 on Wednesday. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $61.46. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average of $55.90 and a 200-day moving average of $51.40. 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.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. Williams Companies’s payout ratio is currently 80.17%.

Wall Street Analyst Weigh In

WMB has been the topic of a number of analyst reports. UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial upped their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank reissued a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.00.

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.