Prudential Financial Inc. cut its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 70.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,244,221 shares of the pipeline company’s stock after selling 2,990,298 shares during the period. Prudential Financial Inc. owned approximately 0.15% of Williams Companies, Inc. (The) worth $37,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RidgeWorth Capital Management LLC raised its position in shares of Williams Companies, Inc. (The) by 5.1% in the first quarter. RidgeWorth Capital Management LLC now owns 2,027,950 shares of the pipeline company’s stock worth $60,007,000 after buying an additional 99,275 shares in the last quarter. King Street Capital Management L.P. raised its position in shares of Williams Companies, Inc. (The) by 33.3% in the first quarter. King Street Capital Management L.P. now owns 2,000,000 shares of the pipeline company’s stock worth $59,180,000 after buying an additional 500,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Williams Companies, Inc. (The) by 4.0% in the first 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 buying an additional 39,520 shares in the last quarter. Private Capital Management Inc. raised its position in shares of Williams Companies, Inc. (The) by 117.5% in the first quarter. Private Capital Management Inc. now owns 8,700 shares of the pipeline company’s stock worth $258,000 after buying an additional 4,700 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in shares of Williams Companies, Inc. (The) by 117.3% in the first quarter. Global X Management Co. LLC now owns 670,038 shares of the pipeline company’s stock worth $19,826,000 after buying an additional 361,718 shares in the last quarter. 84.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Williams Companies, Inc. (NYSE WMB) opened at 29.73 on Friday. The stock has a 50 day moving average price of $30.54 and a 200-day moving average price of $29.76. The stock has a market cap of $24.58 billion, a P/E ratio of 46.89 and a beta of 1.38. Williams Companies, Inc. has a 52 week low of $27.35 and a 52 week high of $32.69.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same quarter last year, the firm earned $0.19 EPS. Equities analysts predict that Williams Companies, Inc. will post $0.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, September 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 196.72%.

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A number of research analysts have recently weighed in on WMB shares. BidaskClub raised Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Wells Fargo & Company raised Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Scotiabank set a $30.00 price objective on Williams Companies, Inc. (The) and gave the company a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research lowered Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets set a $32.00 price objective on Williams Companies, Inc. (The) and gave the company a “buy” rating in a report on Thursday, June 15th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.00.

In related news, Director Stephen W. Bergstrom purchased 17,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were purchased at an average price of $28.12 per share, for a total transaction of $499,130.00. Following the transaction, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $499,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan S. Armstrong purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $28.60 per share, for a total transaction of $429,000.00. Following the transaction, the chief executive officer now directly owns 345,527 shares in the company, valued at $9,882,072.20. The disclosure for this purchase can be found here. Insiders purchased a total of 37,750 shares of company stock worth $1,072,780 in the last 90 days. 0.53% of the stock is currently owned by insiders.

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.

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

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