Van ECK Associates Corp reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 41.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,366 shares of the pipeline company’s stock after selling 7,308 shares during the period. Van ECK Associates Corp’s holdings in Williams Companies, Inc. (The) were worth $314,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Williams Companies, Inc. (The) by 9.9% during the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock valued at $1,964,347,000 after purchasing an additional 5,850,607 shares during the period. Vanguard Group Inc. raised its stake in Williams Companies, Inc. (The) by 21.7% during the 1st quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock valued at $1,816,554,000 after purchasing an additional 10,933,027 shares during the period. State Street Corp raised its stake in Williams Companies, Inc. (The) by 9.2% during the 1st quarter. State Street Corp now owns 42,289,708 shares of the pipeline company’s stock valued at $1,251,350,000 after purchasing an additional 3,565,627 shares during the period. JPMorgan Chase & Co. raised its stake in Williams Companies, Inc. (The) by 19.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock valued at $366,414,000 after purchasing an additional 1,975,398 shares during the period. Finally, Chickasaw Capital Management LLC raised its stake in Williams Companies, Inc. (The) by 0.4% during the 2nd quarter. Chickasaw Capital Management LLC now owns 9,303,863 shares of the pipeline company’s stock valued at $281,721,000 after purchasing an additional 38,868 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

WMB has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $34.00 target price on shares of Williams Companies, Inc. (The) in a research note on Tuesday, June 6th. BMO Capital Markets set a $32.00 target price on Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, June 15th. Jefferies Group LLC set a $34.00 target price on Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Friday, June 16th. BidaskClub raised Williams Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, July 13th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $34.15.

In related news, Director Stephen I. Chazen purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $28.93 per share, with a total value of $144,650.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $289,300. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total value of $61,320.00. Following the completion of the sale, the vice president now directly owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 284,001 shares of company stock valued at $8,608,319. Insiders own 0.53% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Van ECK Associates Corp Has $314,000 Stake in Williams Companies, Inc. (The) (WMB)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/van-eck-associates-corp-has-314000-stake-in-williams-companies-inc-the-wmb/1600607.html.

Williams Companies, Inc. (NYSE WMB) opened at 30.01 on Friday. Williams Companies, Inc. has a 52-week low of $27.35 and a 52-week high of $32.69. The company has a market cap of $24.81 billion, a P/E ratio of 47.33 and a beta of 1.39. The stock’s 50 day moving average price is $30.06 and its 200 day moving average price is $29.92.

Williams Companies, Inc. (The) (NYSE:WMB) last posted 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 during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $0.19 EPS. Analysts expect that Williams Companies, Inc. will post $0.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.20 annualized dividend and a dividend yield of 4.00%. Williams Companies, Inc. (The)’s dividend payout ratio is presently 196.72%.

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)

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.