Glenview Capital Management LLC cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,368,161 shares of the pipeline company’s stock after selling 873,201 shares during the period. Williams Companies, Inc. (The) comprises approximately 1.3% of Glenview Capital Management LLC’s holdings, making the stock its 29th largest holding. Glenview Capital Management LLC owned approximately 0.77% of Williams Companies, Inc. (The) worth $192,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Williams Companies, Inc. (The) by 19.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock worth $366,414,000 after buying an additional 1,975,398 shares in the last quarter. King Street Capital Management L.P. grew its position in Williams Companies, Inc. (The) by 33.3% during the 1st quarter. King Street Capital Management L.P. now owns 2,000,000 shares of the pipeline company’s stock worth $59,180,000 after acquiring an additional 500,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Williams Companies, Inc. (The) by 4.0% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,036,416 shares of the pipeline company’s stock worth $30,701,000 after acquiring an additional 39,520 shares during the last quarter. Global X Management Co. LLC grew its position in Williams Companies, Inc. (The) by 117.3% during the 1st quarter. Global X Management Co. LLC now owns 670,038 shares of the pipeline company’s stock worth $19,826,000 after acquiring an additional 361,718 shares during the last quarter. Finally, Columbus Hill Capital Management L.P. grew its position in Williams Companies, Inc. (The) by 47.0% during the 1st quarter. Columbus Hill Capital Management L.P. now owns 1,886,195 shares of the pipeline company’s stock worth $55,813,000 after acquiring an additional 602,873 shares during the last quarter. 84.71% of the stock is owned by institutional investors and hedge funds.

Williams Companies, Inc. (WMB) traded down 0.76% during mid-day trading on Friday, hitting $30.11. The company had a trading volume of 2,652,045 shares. The company’s 50 day moving average price is $29.93 and its 200-day moving average price is $30.03. Williams Companies, Inc. has a 12-month low of $27.35 and a 12-month high of $32.69. The firm has a market capitalization of $24.89 billion, a PE ratio of 47.49 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the company earned $0.19 EPS. On average, analysts forecast that Williams Companies, Inc. will post $0.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.20 annualized dividend and a yield of 3.99%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is 196.72%.

In other news, Director Stephen I. Chazen acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $28.93 per share, for a total transaction of $144,650.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $289,300. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the completion of the sale, the insider now owns 60,032 shares of the company’s stock, valued at approximately $1,820,170.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 284,001 shares of company stock valued at $8,608,319. Company insiders own 0.53% of the company’s stock.

A number of research firms recently commented on WMB. Wolfe Research began coverage on Williams Companies, Inc. (The) in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. BidaskClub upgraded Williams Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Sanford C. Bernstein restated an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday, August 10th. Royal Bank Of Canada increased their price target on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Williams Companies, Inc. (The) currently has an average rating of “Buy” and an average target price of $34.00.

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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.

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

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