Stoneridge Investment Partners LLC cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 173,795 shares of the pipeline company’s stock after selling 274 shares during the period. Stoneridge Investment Partners LLC’s holdings in Williams Companies, Inc. (The) were worth $5,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. boosted its position in shares of Williams Companies, Inc. (The) by 71.2% in the first quarter. Raymond James Trust N.A. now owns 12,526 shares of the pipeline company’s stock valued at $371,000 after buying an additional 5,210 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of Williams Companies, Inc. (The) by 16.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,387 shares of the pipeline company’s stock valued at $5,426,000 after buying an additional 25,235 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Williams Companies, Inc. (The) by 15.6% in the first quarter. Gulf International Bank UK Ltd now owns 252,958 shares of the pipeline company’s stock valued at $7,485,000 after buying an additional 34,071 shares in the last quarter. Country Club Trust Company n.a. boosted its position in shares of Williams Companies, Inc. (The) by 2.9% in the first quarter. Country Club Trust Company n.a. now owns 7,127 shares of the pipeline company’s stock valued at $211,000 after buying an additional 204 shares in the last quarter. Finally, E&G Advisors LP purchased a new position in shares of Williams Companies, Inc. (The) during the first quarter valued at about $556,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE:WMB) traded down 0.03% during trading on Friday, reaching $29.07. The company’s stock had a trading volume of 4,842,778 shares. The stock has a market cap of $24.03 billion, a price-to-earnings ratio of 45.85 and a beta of 1.38. The company has a 50-day moving average price of $30.84 and a 200-day moving average price of $29.72. Williams Companies, Inc. has a one year low of $26.89 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same quarter last year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that Williams Companies, Inc. will post $1.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, September 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 196.72%.

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WMB has been the topic of several recent analyst reports. Scotiabank restated a “hold” rating and issued a $30.00 target price on shares of Williams Companies, Inc. (The) in a report on Thursday, April 27th. BMO Capital Markets restated a “buy” rating and issued a $32.00 target price on shares of Williams Companies, Inc. (The) in a report on Wednesday, May 3rd. Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Sanford C. Bernstein initiated coverage on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. They issued an “outperform” rating on the stock. Finally, Barclays PLC restated a “hold” rating and issued a $33.00 target price on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Williams Companies, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $34.00.

In related news, Director Stephen W. Bergstrom acquired 17,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was purchased at an average cost of $28.12 per share, for a total transaction of $499,130.00. Following the purchase, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $499,130. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total value of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at $340,142.04. The disclosure for this sale can be found here. Insiders have purchased a total of 37,750 shares of company stock valued at $1,076,480 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

Williams Companies, Inc. (The) Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

Institutional Ownership by Quarter for Williams Companies, Inc. (The) (NYSE:WMB)

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