Williams Cos. (NYSE:WMB) shares dropped 3.6% during mid-day trading on Monday . The company traded as low as $23.48 and last traded at $23.63, with a volume of 10,185,041 shares changing hands. The stock had previously closed at $24.52.

WMB has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Williams Cos. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 29th. BMO Capital Markets started coverage on shares of Williams Cos. in a research report on Tuesday, April 19th. They issued an “outperform” rating and a $21.00 price objective for the company. Raymond James Financial Inc. downgraded shares of Williams Cos. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $24.44 to $20.57 in a research report on Friday, May 6th. Vetr downgraded shares of Williams Cos. from a “strong-buy” rating to a “buy” rating and set a $20.78 price objective for the company. in a research report on Monday, May 9th. Finally, Sanford C. Bernstein started coverage on shares of Williams Cos. in a research report on Wednesday, May 11th. They issued an “outperform” rating and a $25.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.10.

The stock’s 50 day moving average is $22.22 and its 200 day moving average is $18.98. The firm’s market capitalization is $17.73 billion.

Williams Cos. (NYSE:WMB) last announced its earnings results on Wednesday, May 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.19. During the same quarter in the previous year, the company posted $0.16 EPS. Equities analysts expect that Williams Cos. will post $0.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 27th. Investors of record on Monday, June 20th were given a $0.64 dividend. The ex-dividend date was Thursday, June 16th. This represents a $2.56 dividend on an annualized basis and a yield of 10.83%.

Other institutional investors recently made changes to their positions in the company. Thornburg Investment Management Inc. raised its position in shares of Williams Cos. by 8.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 3,393,625 shares of the company’s stock worth $87,216,000 after buying an additional 277,928 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Williams Cos. during the fourth quarter worth about $25,836,000. Vanguard Group Inc. raised its position in shares of Williams Cos. by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 43,934,329 shares of the company’s stock worth $1,129,112,000 after buying an additional 1,133,739 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Williams Cos. by 6.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 94,442 shares of the company’s stock worth $2,427,000 after buying an additional 5,511 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in shares of Williams Cos. by 1.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,073,417 shares of the company’s stock worth $26,202,000 after buying an additional 15,493 shares in the last quarter.

The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.

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