Patriot Wealth Management Inc. lowered its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 33.5% during the second quarter, Holdings Channel reports. The institutional investor owned 184,071 shares of the pipeline company’s stock after selling 92,577 shares during the period. Patriot Wealth Management Inc.’s holdings in Williams Companies, Inc. (The) were worth $5,574,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Williams Companies, Inc. (The) by 2,942.5% in the first quarter. BlackRock Inc. now owns 59,022,046 shares of the pipeline company’s stock valued at $1,746,463,000 after buying an additional 57,082,116 shares in the last quarter. Vanguard Group Inc. boosted its stake in Williams Companies, Inc. (The) by 21.7% in the first quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock valued at $1,816,554,000 after buying an additional 10,933,027 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Williams Companies, Inc. (The) by 38,673.4% in the first quarter. Clearbridge Investments LLC now owns 7,754,674 shares of the pipeline company’s stock valued at $229,461,000 after buying an additional 7,734,674 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Williams Companies, Inc. (The) by 273.9% in the first quarter. JPMorgan Chase & Co. now owns 10,125,511 shares of the pipeline company’s stock valued at $299,614,000 after buying an additional 7,417,774 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in Williams Companies, Inc. (The) by 341.1% in the first quarter. Janus Capital Management LLC now owns 7,007,756 shares of the pipeline company’s stock valued at $207,359,000 after buying an additional 5,418,945 shares in the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.
Williams Companies, Inc. (NYSE:WMB) traded up 0.06% during trading on Friday, hitting $31.45. 5,769,625 shares of the stock were exchanged. Williams Companies, Inc. has a 1-year low of $22.39 and a 1-year high of $32.69. The stock has a market cap of $25.99 billion, a price-to-earnings ratio of 2096.67 and a beta of 1.38. The firm’s 50 day moving average price is $29.71 and its 200-day moving average price is $29.50.
Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Williams Companies, Inc. (The) had a net margin of 0.18% and a return on equity of 3.74%. During the same period in the previous year, the company posted $0.03 EPS. On average, analysts anticipate that Williams Companies, Inc. will post $1.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Friday, June 9th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, June 7th. Williams Companies, Inc. (The)’s payout ratio is presently -3,998.67%.
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Several analysts recently commented on WMB shares. Zacks Investment Research upgraded shares of Williams Companies, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. Scotiabank reaffirmed a “hold” rating and set a $30.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Thursday, April 27th. Wells Fargo & Company raised shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. Citigroup Inc. raised shares of Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $36.00 in a research report on Friday, April 7th. Finally, Sanford C. Bernstein began coverage on shares of Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.00.
In other Williams Companies, Inc. (The) news, Director Charles I. Cogut purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average price of $30.63 per share, for a total transaction of $30,630.00. Following the purchase, the director now owns 1,000 shares in the company, valued at $30,630. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robyn L. Ewing sold 81,561 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.14, for a total value of $2,539,809.54. Following the completion of the sale, the insider now owns 47,003 shares in the company, valued at approximately $1,463,673.42. The disclosure for this sale can be found here. In the last three months, insiders bought 38,750 shares of company stock valued at $1,107,110 and sold 92,561 shares valued at $2,876,240. Corporate insiders own 0.53% of the company’s stock.
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.
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