BB&T Securities LLC cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,558 shares of the pipeline company’s stock after selling 2,352 shares during the period. BB&T Securities LLC’s holdings in Williams Companies, Inc. (The) were worth $1,349,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of WMB. Sheaff Brock Investment Advisors LLC increased its position in shares of Williams Companies, Inc. (The) by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,448 shares of the pipeline company’s stock valued at $250,000 after buying an additional 41 shares in the last quarter. Catawba Capital Management VA increased its position in shares of Williams Companies, Inc. (The) by 0.6% in the second quarter. Catawba Capital Management VA now owns 7,035 shares of the pipeline company’s stock valued at $213,000 after buying an additional 45 shares in the last quarter. Johnson Financial Group LLC increased its position in shares of Williams Companies, Inc. (The) by 0.6% in the second quarter. Johnson Financial Group LLC now owns 7,068 shares of the pipeline company’s stock valued at $214,000 after buying an additional 45 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Williams Companies, Inc. (The) by 1.8% in the first quarter. Focused Wealth Management Inc now owns 5,700 shares of the pipeline company’s stock valued at $169,000 after buying an additional 100 shares in the last quarter. Finally, Financial Architects Inc increased its position in shares of Williams Companies, Inc. (The) by 1.6% in the second quarter. Financial Architects Inc now owns 6,754 shares of the pipeline company’s stock valued at $204,000 after buying an additional 109 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors.

Shares of Williams Companies, Inc. (NYSE WMB) opened at 29.39 on Friday. The firm has a market cap of $24.30 billion, a price-to-earnings ratio of 46.36 and a beta of 1.38. The stock’s 50 day moving average price is $30.68 and its 200 day moving average price is $29.74. Williams Companies, Inc. has a one year low of $27.35 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities analysts anticipate that Williams Companies, Inc. will post $0.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a yield of 4.08%. Williams Companies, Inc. (The)’s payout ratio is 196.72%.

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Several research analysts have commented on the company. BidaskClub downgraded Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, July 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday, August 10th. Barclays PLC reaffirmed a “hold” rating and issued a $33.00 price target on shares of Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. Finally, Wells Fargo & Company raised Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 15th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.00.

In other Williams Companies, Inc. (The) news, Director Stephen I. Chazen bought 5,000 shares of the stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $28.93 per share, with a total value of $144,650.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $289,300. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Alan S. Armstrong bought 15,000 shares of the stock in a transaction on Thursday, June 15th. The shares were acquired at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the acquisition, the chief executive officer now directly owns 345,527 shares in the company, valued at $9,882,072.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 37,750 shares of company stock worth $1,072,780 in the last three months. Insiders own 0.53% of the company’s stock.

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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