Hexagon Capital Partners LLC Increases Position in The Williams Companies, Inc. (NYSE:WMB)

Hexagon Capital Partners LLC increased its position in The Williams Companies, Inc. (NYSE:WMB) by 60.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,414 shares of the pipeline company’s stock after acquiring an additional 3,924 shares during the period. Hexagon Capital Partners LLC’s holdings in Williams Companies were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of Williams Companies in the first quarter worth $27,000. Western Pacific Wealth Management LP purchased a new stake in Williams Companies during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Williams Companies in the fourth quarter valued at approximately $26,000. Fairman Group LLC acquired a new stake in shares of Williams Companies in the fourth quarter worth approximately $31,000. Finally, CGC Financial Services LLC purchased a new stake in shares of Williams Companies during the fourth quarter worth approximately $35,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

NYSE WMB opened at $42.39 on Tuesday. The company has a market cap of $51.66 billion, a P/E ratio of 17.81, a P/E/G ratio of 6.67 and a beta of 1.05. The Williams Companies, Inc. has a 1-year low of $32.20 and a 1-year high of $43.22. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The stock has a 50-day moving average of $40.60 and a two-hundred day moving average of $37.59.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the business posted $0.56 earnings per share. Williams Companies’s revenue was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.48%. Williams Companies’s dividend payout ratio is currently 79.83%.

Insiders Place Their Bets

In other news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now directly owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WMB has been the topic of a number of recent research reports. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. UBS Group boosted their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Truist Financial lifted their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. Finally, Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.42.

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.