Riverhead Capital Management LLC reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the pipeline company’s stock after selling 85 shares during the period. Riverhead Capital Management LLC’s holdings in Williams Companies, Inc. (The) were worth $454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massey Quick & Co. LLC purchased a new stake in Williams Companies, Inc. (The) in the 1st quarter valued at about $121,000. Bronfman E.L. Rothschild L.P. raised its holdings in Williams Companies, Inc. (The) by 78.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after buying an additional 1,997 shares during the period. Parallel Advisors LLC raised its holdings in Williams Companies, Inc. (The) by 124.1% in the 1st quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after buying an additional 2,573 shares during the period. CWM LLC raised its holdings in Williams Companies, Inc. (The) by 300.7% in the 2nd quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after buying an additional 3,672 shares during the period. Finally, SeaBridge Investment Advisors LLC raised its holdings in Williams Companies, Inc. (The) by 41.6% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 5,210 shares of the pipeline company’s stock valued at $158,000 after buying an additional 1,530 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

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In related news, Director Stephen I. Chazen bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $28.93 per share, for a total transaction of $144,650.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $289,300. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $61,320.00. Following the sale, the vice president now owns 11,094 shares in the company, valued at $340,142.04. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Several analysts recently issued reports on WMB shares. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Scotiabank set a $30.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets set a $32.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a report on Thursday, June 15th. Finally, 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 report on Friday, August 4th. Five equities 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’s stock. The company currently has an average rating of “Buy” and an average target price of $34.00.

Shares of Williams Companies, Inc. (WMB) opened at 30.00 on Friday. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 47.32 and a beta of 1.39. Williams Companies, Inc. has a 52 week low of $27.35 and a 52 week high of $32.69. The firm’s 50-day moving average is $30.06 and its 200-day moving average is $29.92.

Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same quarter last year, the business earned $0.19 earnings per share. On average, equities research analysts anticipate that Williams Companies, Inc. will post $0.86 EPS for the current fiscal year.

The company 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. The ex-dividend date is Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is 196.72%.

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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