Raymond James Trust N.A. Has $417,000 Position in Williams Companies, Inc. (The) (WMB)

Raymond James Trust N.A. boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,742 shares of the pipeline company’s stock after buying an additional 1,216 shares during the quarter. Raymond James Trust N.A.’s holdings in Williams Companies, Inc. (The) were worth $417,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Massey Quick & Co. LLC acquired a new stake in Williams Companies, Inc. (The) during the first quarter valued at $121,000. Bronfman E.L. Rothschild L.P. grew its position in Williams Companies, Inc. (The) by 78.6% during 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 buying an additional 1,997 shares during the period. Parallel Advisors LLC grew its position in Williams Companies, Inc. (The) by 124.1% during the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after buying an additional 2,573 shares during the period. CWM LLC grew its position in Williams Companies, Inc. (The) by 300.7% during the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after buying an additional 3,672 shares during the period. Finally, SeaBridge Investment Advisors LLC grew its position in Williams Companies, Inc. (The) by 41.6% during the second quarter. SeaBridge Investment Advisors LLC now owns 5,210 shares of the pipeline company’s stock valued at $158,000 after buying an additional 1,530 shares during the period. Institutional investors own 84.65% of the company’s stock.

Shares of Williams Companies, Inc. (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. The firm’s 50 day moving average is $30.14 and its 200-day moving average is $29.88. Williams Companies, Inc. has a 12 month low of $27.35 and a 12 month high of $32.69.

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 Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, analysts expect that Williams Companies, Inc. will post $0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 annualized dividend and a dividend yield of 3.96%. Williams Companies, Inc. (The)’s payout ratio is currently 196.72%.

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Several research firms have issued reports on WMB. BidaskClub downgraded shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, July 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. Barclays PLC raised shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Tuesday, July 18th. Finally, Jefferies Group LLC set a $34.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a report on Friday, June 16th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.00.

In other news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total transaction of $61,320.00. Following the transaction, the vice president now directly owns 11,094 shares in the company, valued at approximately $340,142.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen W. Bergstrom acquired 17,750 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were bought at an average price of $28.12 per share, for a total transaction of $499,130.00. Following the completion of the acquisition, the director now owns 17,750 shares in the company, valued at $499,130. The disclosure for this purchase can be found here. Corporate insiders own 0.53% of the company’s stock.

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.

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

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