Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Williams Cos. (NYSE:WMB) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,998,319 shares of the company’s stock after buying an additional 45,184 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of Williams Cos. worth $43,224,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WMB. Whittier Trust Co. increased its stake in Williams Cos. by 207.3% in the second quarter. Whittier Trust Co. now owns 4,916 shares of the company’s stock worth $106,000 after buying an additional 3,316 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Williams Cos. by 4.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,832 shares of the company’s stock worth $213,000 after buying an additional 402 shares in the last quarter. Seven Eight Capital LLC increased its stake in Williams Cos. by 68.0% in the first quarter. Seven Eight Capital LLC now owns 15,152 shares of the company’s stock worth $243,000 after buying an additional 6,134 shares in the last quarter. Trust Co. of Oklahoma increased its stake in Williams Cos. by 2.2% in the second quarter. Trust Co. of Oklahoma now owns 11,400 shares of the company’s stock worth $247,000 after buying an additional 250 shares in the last quarter. Finally, Integre Asset Management LLC bought a new stake in Williams Cos. during the first quarter worth about $253,000. 83.73% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Williams Cos. (NYSE:WMB)

Williams Cos. (NYSE:WMB) traded up 0.58% during midday trading on Tuesday, reaching $29.24. The company’s stock had a trading volume of 4,194,423 shares. The company’s market cap is $21.95 billion. The stock has a 50-day moving average price of $29.89 and a 200 day moving average price of $23.84. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $42.17.

Williams Cos. (NYSE:WMB) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Williams Cos. had a positive return on equity of 2.14% and a negative net margin of 16.82%. During the same quarter in the previous year, the business posted $0.15 EPS. Analysts expect that Williams Cos. will post $0.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. Williams Cos.’s payout ratio is currently -49.38%.

A number of brokerages have weighed in on WMB. Citigroup Inc. began coverage on Williams Cos. in a research report on Friday, July 22nd. They set a “neutral” rating and a $26.00 price target on the stock. Tudor Pickering raised Williams Cos. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research downgraded Williams Cos. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Jefferies Group reissued a “buy” rating on shares of Williams Cos. in a research report on Monday, June 27th. Finally, Royal Bank Of Canada began coverage on Williams Cos. in a research report on Monday, September 26th. They set an “outperform” rating and a $39.00 price target on the stock. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $29.82.

In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the sale, the vice president now owns 13,803 shares in the company, valued at approximately $362,052.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.87% of the company’s stock.

Williams Cos. Company Profile

The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.

5 Day Chart for NYSE:WMB

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