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

TKG Advisors LLC lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 55,927 shares of the pipeline company’s stock after selling 3,294 shares during the quarter. Williams Companies accounts for approximately 1.3% of TKG Advisors LLC’s portfolio, making the stock its 23rd largest position. TKG Advisors LLC’s holdings in Williams Companies were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in shares of Williams Companies by 330.0% during the third quarter. QRG Capital Management Inc. now owns 174,671 shares of the pipeline company’s stock worth $7,974,000 after purchasing an additional 134,052 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Williams Companies by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 546,481 shares of the pipeline company’s stock worth $24,947,000 after buying an additional 6,140 shares during the last quarter. National Pension Service raised its position in shares of Williams Companies by 17.1% during the 3rd quarter. National Pension Service now owns 2,379,577 shares of the pipeline company’s stock valued at $108,628,000 after buying an additional 348,139 shares in the last quarter. Intact Investment Management Inc. grew its position in Williams Companies by 7.9% in the third quarter. Intact Investment Management Inc. now owns 104,600 shares of the pipeline company’s stock worth $4,775,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Williams Companies by 37.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 493,347 shares of the pipeline company’s stock worth $22,521,000 after purchasing an additional 134,603 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

WMB stock traded up $0.43 during midday trading on Monday, hitting $51.99. 302,613 shares of the stock traded hands, compared to its average volume of 6,217,116. The stock’s fifty day simple moving average is $47.90 and its 200-day simple moving average is $43.86. The firm has a market cap of $63.36 billion, a P/E ratio of 22.12, a PEG ratio of 5.87 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.85. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMB. Royal Bank of Canada raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday. Bank of America assumed coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Scotiabank upped their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, Citigroup raised their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.62.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.44% of the company’s stock.

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.