HUB Investment Partners LLC Has $6.43 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

HUB Investment Partners LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,786 shares of the pipeline company's stock after selling 6,425 shares during the quarter. HUB Investment Partners LLC's holdings in Williams Companies were worth $6,429,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new stake in shares of Williams Companies during the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies during the 4th quarter worth about $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at about $27,000. Sandy Spring Bank bought a new stake in shares of Williams Companies in the fourth quarter valued at about $27,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Williams Companies during the third quarter worth about $30,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMB has been the topic of several research reports. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Scotiabank boosted their price objective on shares of Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. The Goldman Sachs Group raised their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Barclays increased their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, CIBC lifted their target price on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $55.21.

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Williams Companies Stock Performance

Shares of NYSE:WMB traded up $1.54 on Monday, hitting $61.14. The company had a trading volume of 6,314,136 shares, compared to its average volume of 6,182,036. The stock has a market cap of $74.55 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 5.01 and a beta of 1.03. The stock has a 50 day moving average price of $57.20 and a 200 day moving average price of $54.17. The Williams Companies, Inc. has a 1-year low of $37.18 and a 1-year high of $61.54. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. 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 will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Williams Companies's previous quarterly dividend of $0.48. Williams Companies's payout ratio is presently 109.29%.

Insider Activity at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the firm'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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. 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. Corporate insiders own 0.44% of the company's stock.

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.