CapWealth Advisors LLC cut its position in shares of Williams Companies Inc (NYSE:WMB) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 522,164 shares of the pipeline company’s stock after selling 4,535 shares during the period. Williams Companies makes up 3.0% of CapWealth Advisors LLC’s portfolio, making the stock its 9th largest holding. CapWealth Advisors LLC owned about 0.06% of Williams Companies worth $15,670,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. boosted its stake in shares of Williams Companies by 4.6% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock worth $34,870,000 after purchasing an additional 51,325 shares during the period. JPMorgan Chase & Co. boosted its position in Williams Companies by 19.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock valued at $366,414,000 after buying an additional 1,975,398 shares during the period. Vaughan David Investments Inc. IL boosted its position in Williams Companies by 32.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock valued at $24,091,000 after buying an additional 124,051 shares during the period. Renaissance Technologies LLC boosted its position in Williams Companies by 86.8% in the 2nd quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock valued at $29,862,000 after buying an additional 458,200 shares during the period. Finally, Federated Investors Inc. PA boosted its position in Williams Companies by 53.6% in the 2nd quarter. Federated Investors Inc. PA now owns 64,033 shares of the pipeline company’s stock valued at $1,939,000 after buying an additional 22,333 shares during the period. 84.84% of the stock is owned by hedge funds and other institutional investors.

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

Several equities research analysts have issued reports on WMB shares. Royal Bank Of Canada reissued a “buy” rating and issued a $36.00 price objective on shares of Williams Companies in a research report on Monday, October 16th. BidaskClub cut shares of Williams Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Williams Companies in a research report on Thursday, August 10th. Wolfe Research started coverage on shares of Williams Companies in a research report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Four research analysts have rated the stock with a hold rating, ten have given 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 $33.83.

Shares of Williams Companies Inc (WMB) traded down $0.02 on Monday, hitting $29.28. 2,842,952 shares of the stock traded hands, compared to its average volume of 6,433,847. Williams Companies Inc has a 52-week low of $26.82 and a 52-week high of $32.69. The stock has a market cap of $24,215.41, a PE ratio of 49.64, a PEG ratio of 3.13 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91.

Williams Companies (NYSE:WMB) last announced its quarterly 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). Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the company posted $0.20 EPS. Williams Companies’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts expect that Williams Companies Inc will post 0.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be given a $0.30 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. Williams Companies’s payout ratio is presently 210.53%.

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Williams Companies 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 (NYSE:WMB)

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