TCTC Holdings LLC Has $48.64 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

TCTC Holdings LLC cut its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 898,794 shares of the pipeline company’s stock after selling 1,134 shares during the quarter. Williams Companies comprises about 1.7% of TCTC Holdings LLC’s holdings, making the stock its 13th largest position. TCTC Holdings LLC owned 0.07% of Williams Companies worth $48,643,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of WMB. Quent Capital LLC acquired a new stake in Williams Companies in the fourth quarter worth $25,000. Bank of Jackson Hole Trust acquired a new stake in Williams Companies in the fourth quarter worth $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies in the fourth quarter worth $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the third quarter worth $30,000. Finally, Financial Life Planners bought a new position in shares of Williams Companies in the fourth quarter valued at $30,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WMB shares. Truist Financial raised their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Scotiabank raised their price objective on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Citigroup raised their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada raised their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.07.

Insider Transactions at Williams Companies

In related news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mary A. Hausman sold 8,896 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the transaction, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at approximately $1,284,492.50. This represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 over the last quarter. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $57.33 on Monday. The Williams Companies, Inc. has a 52-week low of $36.84 and a 52-week high of $61.46. The company has a 50-day simple moving average of $56.78 and a 200 day simple moving average of $53.57. 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 company has a market capitalization of $69.91 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, research analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.50 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

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.