Cannell Peter B & Co. Inc. reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,330 shares of the pipeline company’s stock after selling 4,050 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Williams Companies, Inc. (The) were worth $1,675,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Williams Companies, Inc. (The) by 21.7% in the first quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock worth $1,816,554,000 after buying an additional 10,933,027 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Williams Companies, Inc. (The) by 2,942.5% in the first quarter. BlackRock Inc. now owns 59,022,046 shares of the pipeline company’s stock worth $1,746,463,000 after buying an additional 57,082,116 shares during the last quarter. State Street Corp boosted its stake in shares of Williams Companies, Inc. (The) by 9.2% in the first quarter. State Street Corp now owns 42,289,708 shares of the pipeline company’s stock worth $1,251,350,000 after buying an additional 3,565,627 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Williams Companies, Inc. (The) by 273.9% in the first quarter. JPMorgan Chase & Co. now owns 10,125,511 shares of the pipeline company’s stock worth $299,614,000 after buying an additional 7,417,774 shares during the last quarter. Finally, Chickasaw Capital Management LLC boosted its stake in shares of Williams Companies, Inc. (The) by 0.4% in the second quarter. Chickasaw Capital Management LLC now owns 9,303,863 shares of the pipeline company’s stock worth $281,721,000 after buying an additional 38,868 shares during the last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Shares of Williams Companies, Inc. (WMB) opened at 30.06 on Friday. Williams Companies, Inc. has a 52-week low of $27.35 and a 52-week high of $32.69. The firm’s 50-day moving average is $30.51 and its 200-day moving average is $29.77. The firm has a market cap of $24.85 billion, a P/E ratio of 47.41 and a beta of 1.40.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the firm earned $0.19 earnings per share. Analysts anticipate that Williams Companies, Inc. will post $0.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 annualized dividend and a dividend yield of 3.99%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 196.72%.

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WMB has been the subject of a number of recent research reports. BidaskClub raised shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company raised shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. Scotiabank set a $30.00 price objective on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research cut shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets set a $32.00 price objective on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.00.

In related news, Director Stephen I. Chazen acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was 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 in the company, valued at approximately $289,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan S. Armstrong acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average cost of $28.60 per share, with a total value of $429,000.00. Following the acquisition, the chief executive officer now owns 345,527 shares in the company, valued at $9,882,072.20. The disclosure for this purchase can be found here. In the last three months, insiders bought 37,750 shares of company stock valued at $1,072,780. 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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