Utah Retirement Systems raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,561 shares of the pipeline company’s stock after buying an additional 14,600 shares during the period. Utah Retirement Systems’ holdings in Williams Companies, Inc. (The) were worth $4,589,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its stake in Williams Companies, Inc. (The) by 74.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 120,813 shares of the pipeline company’s stock worth $3,657,000 after buying an additional 51,590 shares during the period. Parallel Advisors LLC raised its stake in Williams Companies, Inc. (The) by 19.9% in the second quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock worth $177,000 after buying an additional 925 shares during the period. Syntal Capital Partners LLC acquired a new stake in Williams Companies, Inc. (The) during the second quarter worth about $453,000. Venturi Wealth Management LLC acquired a new stake in Williams Companies, Inc. (The) during the second quarter worth about $2,052,000. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Williams Companies, Inc. (The) by 58.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,714 shares of the pipeline company’s stock worth $446,000 after buying an additional 5,450 shares during the period. Institutional investors own 84.64% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE WMB) opened at 29.17 on Tuesday. Williams Companies, Inc. has a 52 week low of $27.35 and a 52 week high of $32.69. The company’s 50-day moving average is $30.68 and its 200 day moving average is $29.74. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 46.01 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business earned $0.19 EPS. Analysts anticipate 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. Shareholders of record on Friday, September 8th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.20 annualized dividend and a yield of 4.11%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 196.72%.

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A number of research firms have issued reports on WMB. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Friday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. Royal Bank Of Canada increased their target price on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. 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. Finally, Scotiabank set a $30.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a report on Saturday, July 22nd. Five investment 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 currently has an average rating of “Buy” and a consensus price target of $34.00.

In related news, CEO Alan S. Armstrong acquired 15,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of $28.60 per share, for a total transaction of $429,000.00. Following the completion of the purchase, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,882,072.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen W. Bergstrom acquired 17,750 shares of the stock in a transaction dated Tuesday, June 20th. The stock was bought at an average price of $28.12 per share, for a total transaction of $499,130.00. Following the purchase, the director now owns 17,750 shares of the company’s stock, valued at approximately $499,130. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 37,750 shares of company stock worth $1,072,780. Corporate insiders own 0.50% of the company’s stock.

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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