Alliancebernstein L.P. lessened its position in Williams Companies, Inc. (The) (NYSE:WMB) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,282,478 shares of the pipeline company’s stock after selling 35,070 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of Williams Companies, Inc. (The) worth $38,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. Strs Ohio raised its position in shares of Williams Companies, Inc. (The) by 12.6% during the first quarter. Strs Ohio now owns 11,328 shares of the pipeline company’s stock worth $335,000 after purchasing an additional 1,272 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Williams Companies, Inc. (The) by 20.8% during the first quarter. UBS Asset Management Americas Inc. now owns 2,200,177 shares of the pipeline company’s stock worth $65,103,000 after purchasing an additional 379,058 shares during the period. Wedbush Securities Inc. raised its position in shares of Williams Companies, Inc. (The) by 26.7% during the first quarter. Wedbush Securities Inc. now owns 13,246 shares of the pipeline company’s stock worth $392,000 after purchasing an additional 2,792 shares during the period. Neuburgh Advisers LLC raised its position in shares of Williams Companies, Inc. (The) by 28.6% during the first quarter. Neuburgh Advisers LLC now owns 28,764 shares of the pipeline company’s stock worth $851,000 after purchasing an additional 6,392 shares during the period. Finally, Beach Investment Management LLC. raised its position in shares of Williams Companies, Inc. (The) by 255.0% during the first quarter. Beach Investment Management LLC. now owns 38,620 shares of the pipeline company’s stock worth $1,143,000 after purchasing an additional 27,740 shares during the period. 84.65% of the stock is currently owned by institutional investors.

Williams Companies, Inc. (NYSE:WMB) opened at 30.30 on Friday. The stock has a market cap of $25.05 billion, a P/E ratio of 47.79 and a beta of 1.39. Williams Companies, Inc. has a one year low of $27.35 and a one year high of $32.69. The stock’s 50 day moving average price is $30.14 and its 200-day moving average price is $29.88.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS 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 analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $0.19 EPS. On average, analysts predict that Williams Companies, Inc. will post $0.85 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. This represents a $1.20 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, September 7th. Williams Companies, Inc. (The)’s payout ratio is 196.72%.

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

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A number of equities research analysts have recently issued reports on WMB shares. Barclays PLC raised Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Tuesday, July 18th. BidaskClub lowered Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Scotiabank set a $30.00 target price on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $34.00.

About Williams Companies, Inc. (The)

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.

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

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