Principal Financial Group Inc. boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,268,055 shares of the pipeline company’s stock after purchasing an additional 3,678 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of Williams Companies, Inc. (The) worth $38,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WMB. RidgeWorth Capital Management LLC lifted its stake in Williams Companies, Inc. (The) by 5.1% in the first quarter. RidgeWorth Capital Management LLC now owns 2,027,950 shares of the pipeline company’s stock valued at $60,007,000 after buying an additional 99,275 shares during the last quarter. King Street Capital Management L.P. lifted its stake in Williams Companies, Inc. (The) by 33.3% in the first quarter. King Street Capital Management L.P. now owns 2,000,000 shares of the pipeline company’s stock valued at $59,180,000 after buying an additional 500,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Williams Companies, Inc. (The) by 4.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,036,416 shares of the pipeline company’s stock valued at $30,701,000 after buying an additional 39,520 shares during the last quarter. Global X Management Co. LLC lifted its stake in Williams Companies, Inc. (The) by 117.3% in the first quarter. Global X Management Co. LLC now owns 670,038 shares of the pipeline company’s stock valued at $19,826,000 after buying an additional 361,718 shares during the last quarter. Finally, Fernwood Investment Management LLC lifted its stake in Williams Companies, Inc. (The) by 6.6% in the first quarter. Fernwood Investment Management LLC now owns 36,285 shares of the pipeline company’s stock valued at $1,074,000 after buying an additional 2,250 shares during the last quarter. 84.65% of the stock is owned by hedge funds and other institutional investors.

WMB has been the subject of a number of research reports. Zacks Investment Research cut Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Sanford C. Bernstein initiated coverage on Williams Companies, Inc. (The) in a research note on Tuesday, May 16th. They issued an “outperform” rating for the company. Wells Fargo & Company upgraded Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. Jefferies Group LLC set a $34.00 price objective on Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, BidaskClub upgraded Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.00.

In other news, Director Stephen I. Chazen acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $28.93 per share, with a total value of $144,650.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $289,300. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen W. Bergstrom acquired 17,750 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $499,130. The disclosure for this purchase can be found here. Insiders bought a total of 37,750 shares of company stock worth $1,072,780 in the last three months. Company insiders own 0.53% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE:WMB) opened at 30.11 on Thursday. The stock’s 50 day moving average price is $30.42 and its 200 day moving average price is $29.81. The stock has a market cap of $24.89 billion, a PE ratio of 47.49 and a beta of 1.39. Williams Companies, Inc. has a 1-year low of $27.35 and a 1-year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that Williams Companies, Inc. will post $0.95 EPS for the current fiscal year.

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

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Williams Companies, Inc. (The) 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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