The Williams Companies, Inc. (NYSE:WMB) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its position in The Williams Companies, Inc. (NYSE:WMB) by 11.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,195,567 shares of the pipeline company’s stock after selling 150,488 shares during the period. River Road Asset Management LLC owned approximately 0.10% of The Williams Companies worth $31,742,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in The Williams Companies by 2.2% during the first quarter. Geode Capital Management LLC now owns 21,838,648 shares of the pipeline company’s stock worth $516,119,000 after acquiring an additional 463,687 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in The Williams Companies by 1,368.4% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 18,962,925 shares of the pipeline company’s stock worth $449,232,000 after acquiring an additional 17,671,486 shares during the period. Northern Trust Corp grew its holdings in The Williams Companies by 3.6% during the first quarter. Northern Trust Corp now owns 13,896,511 shares of the pipeline company’s stock worth $329,209,000 after acquiring an additional 483,288 shares during the period. Morgan Stanley grew its holdings in The Williams Companies by 2.7% during the first quarter. Morgan Stanley now owns 9,525,555 shares of the pipeline company’s stock worth $225,659,000 after acquiring an additional 252,746 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in The Williams Companies by 9.6% during the first quarter. UBS Asset Management Americas Inc. now owns 7,851,186 shares of the pipeline company’s stock worth $185,995,000 after acquiring an additional 688,506 shares during the period. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on WMB. Wells Fargo & Company increased their price target on The Williams Companies from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, June 24th. Raymond James increased their price target on The Williams Companies from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 21st. Zacks Investment Research downgraded The Williams Companies from a “hold” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Tuesday, August 17th. Royal Bank of Canada increased their price target on The Williams Companies from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 19th. Finally, Credit Suisse Group raised their target price on The Williams Companies from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, May 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $27.33.

Shares of The Williams Companies stock opened at $25.10 on Wednesday. The Williams Companies, Inc. has a one year low of $18.26 and a one year high of $28.35. The company has a market cap of $30.50 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 4.12 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.65 and a current ratio of 0.70. The business’s 50 day moving average price is $25.00 and its 200 day moving average price is $25.11.

The Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Sunday, August 1st. The pipeline company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The Williams Companies had a return on equity of 10.13% and a net margin of 12.94%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, analysts predict that The Williams Companies, Inc. will post 1.18 EPS for the current fiscal year.

The Williams Companies declared that its Board of Directors has approved a share buyback program on Wednesday, September 8th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the pipeline company to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 27th. Investors of record on Friday, September 10th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $1.64 dividend on an annualized basis and a yield of 6.53%. The Williams Companies’s payout ratio is 149.09%.

About The Williams Companies

The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.

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

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