Hoey Investments Inc. Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

Hoey Investments Inc. acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 520 shares of the pipeline company’s stock, valued at approximately $28,000.

A number of other institutional investors also recently modified their holdings of WMB. Quent Capital LLC bought a new position in Williams Companies in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies in the fourth quarter worth $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies in the fourth quarter worth $27,000. Sandy Spring Bank bought a new stake in shares of Williams Companies during the 4th quarter valued at $27,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the 3rd quarter worth about $30,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other news, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. This trade represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WMB has been the topic of a number of recent research reports. Barclays upped their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Truist Financial lifted their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Scotiabank increased 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 report on Thursday, March 6th. Morgan Stanley increased their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Finally, Citigroup upped their price target on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.07.

Williams Companies Stock Up 1.0 %

Shares of WMB opened at $59.77 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The business has a fifty day moving average of $57.31 and a 200 day moving average of $54.70. The company has a market cap of $72.88 billion, a PE ratio of 32.66, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a 52-week low of $37.18 and a 52-week high of $61.67.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) 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, sell-side analysts expect 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.35%. Williams Companies’s dividend payout ratio is currently 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.