Williams Companies, Inc. (The) (WMB) Position Lessened by Cannell Peter B & Co. Inc.

Cannell Peter B & Co. Inc. trimmed its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,330 shares of the pipeline company’s stock after selling 4,050 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Williams Companies, Inc. (The) were worth $1,675,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Massey Quick & Co. LLC bought a new position in Williams Companies, Inc. (The) in the first quarter valued at approximately $121,000. Bronfman E.L. Rothschild L.P. grew its stake in Williams Companies, Inc. (The) by 78.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 1,997 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock valued at $139,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC grew its stake in Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after purchasing an additional 2,573 shares in the last quarter. Finally, CWM LLC grew its stake in Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after purchasing an additional 3,672 shares in the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.

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Shares of Williams Companies, Inc. (NYSE:WMB) opened at 30.30 on Friday. The firm has a market capitalization of $25.05 billion, a PE ratio of 47.79 and a beta of 1.39. Williams Companies, Inc. has a 12-month low of $27.35 and a 12-month high of $32.69. The company’s 50-day moving average price is $30.14 and its 200 day moving average price is $29.88.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share 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 firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company posted $0.19 earnings per share. On average, equities analysts forecast that Williams Companies, Inc. will post $0.85 earnings per share for the current year.

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, September 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is 196.72%.

A number of analysts have recently issued reports on WMB shares. Zacks Investment Research cut Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC set a $34.00 price objective on Williams Companies, Inc. (The) and gave the company a “buy” rating in a research report on Friday, June 16th. BidaskClub raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Scotiabank set a $30.00 price objective on Williams Companies, Inc. (The) and gave the company a “hold” rating in a research report on Saturday, July 22nd. Finally, Barclays PLC raised Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $34.00.

In related news, Director Stephen W. Bergstrom bought 17,750 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 17,750 shares in the company, valued at approximately $499,130. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen I. Chazen bought 5,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $28.93 per share, for a total transaction of $144,650.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $289,300. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by corporate insiders.

Williams Companies, Inc. (The) 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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