Wealthfront Inc. grew its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 102.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,126 shares of the pipeline company’s stock after buying an additional 21,778 shares during the period. Wealthfront Inc.’s holdings in Williams Companies, Inc. (The) were worth $1,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Williams Companies, Inc. (The) by 1.8% during the 2nd quarter. FMR LLC now owns 75,368,938 shares of the pipeline company’s stock valued at $2,282,171,000 after buying an additional 1,347,813 shares during the period. BlackRock Inc. grew its stake in shares of Williams Companies, Inc. (The) by 9.9% during the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock valued at $1,964,347,000 after buying an additional 5,850,607 shares during the period. Vanguard Group Inc. grew its stake in shares of Williams Companies, Inc. (The) by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock valued at $1,939,819,000 after buying an additional 2,671,905 shares during the period. State Street Corp grew its stake in shares of Williams Companies, Inc. (The) by 9.2% during the 1st quarter. State Street Corp now owns 42,289,708 shares of the pipeline company’s stock valued at $1,251,350,000 after buying an additional 3,565,627 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Williams Companies, Inc. (The) by 19.5% during 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. 84.70% of the stock is owned by institutional investors.

A number of analysts 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 target for the company in a research report on Monday, July 24th. Jefferies Group LLC set a $34.00 price target on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, June 16th. BMO Capital Markets set a $32.00 price target on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $34.00 price target on shares of Williams Companies, Inc. (The) in a research report on Tuesday, June 6th. Finally, BidaskClub raised shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.00.

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Shares of Williams Companies, Inc. (NYSE:WMB) traded down 1.91% during midday trading on Thursday, hitting $29.81. 1,757,421 shares of the stock were exchanged. Williams Companies, Inc. has a 12-month low of $27.35 and a 12-month high of $32.69. The firm has a market cap of $24.64 billion, a P/E ratio of 47.02 and a beta of 1.39. The stock’s 50 day moving average is $30.06 and its 200 day moving average is $29.92.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that Williams Companies, Inc. will post $0.87 earnings per share for the current fiscal year.

The firm 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, September 7th. Williams Companies, Inc. (The)’s payout ratio is 196.72%.

In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were 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 directly owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen I. Chazen acquired 5,000 shares of Williams Companies, Inc. (The) stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $28.93 per share, with a total value of $144,650.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $289,300. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by company insiders.

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.

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

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