Commonwealth Equity Services Inc lowered its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,617 shares of the pipeline company’s stock after selling 19,866 shares during the period. Commonwealth Equity Services Inc’s holdings in Williams Companies, Inc. (The) were worth $3,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in shares of Williams Companies, Inc. (The) in the first quarter valued at about $713,000. State of Alaska Department of Revenue purchased a new stake in shares of Williams Companies, Inc. (The) in the second quarter valued at about $185,000. LS Investment Advisors LLC lifted its holdings in shares of Williams Companies, Inc. (The) by 2.8% in the second quarter. LS Investment Advisors LLC now owns 24,253 shares of the pipeline company’s stock valued at $734,000 after purchasing an additional 663 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Williams Companies, Inc. (The) by 16.0% in the second quarter. Aperio Group LLC now owns 339,965 shares of the pipeline company’s stock valued at $10,294,000 after purchasing an additional 47,013 shares in the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in shares of Williams Companies, Inc. (The) by 6.0% in the second quarter. Wright Investors Service Inc. now owns 15,185 shares of the pipeline company’s stock valued at $460,000 after purchasing an additional 865 shares in the last quarter. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Williams Companies, Inc. (NYSE WMB) traded up $0.25 during mid-day trading on Tuesday, hitting $27.57. 586,252 shares of the stock traded hands, compared to its average volume of 6,438,602. The stock has a market capitalization of $22,590.00, a P/E ratio of 46.20, a PEG ratio of 2.91 and a beta of 1.38. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. Williams Companies, Inc. has a fifty-two week low of $26.82 and a fifty-two week high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Williams Companies, Inc. (The) had a net margin of 5.90% and a return on equity of 3.23%. Williams Companies, Inc. (The)’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. research analysts forecast that Williams Companies, Inc. will post 0.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 4.35%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 210.53%.

In related news, CEO Alan S. Armstrong acquired 6,000 shares of Williams Companies, Inc. (The) stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the purchase, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,408,700.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.75, for a total transaction of $43,125.00. Following the transaction, the vice president now owns 9,594 shares in the company, valued at $275,827.50. The disclosure for this sale can be found here. Insiders sold 283,501 shares of company stock valued at $8,590,124 over the last 90 days. Insiders own 0.50% of the company’s stock.

A number of equities analysts have recently weighed in on WMB shares. Zacks Investment Research raised shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Monday, July 24th. 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. Royal Bank Of Canada boosted their price objective on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday, August 10th. Finally, Wolfe Research started coverage on shares of Williams Companies, Inc. (The) in a research report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Williams Companies, Inc. (The) has a consensus rating of “Buy” and a consensus price target of $33.83.

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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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