Regent Investment Management LLC Purchases 7,525 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Regent Investment Management LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 10.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,050 shares of the pipeline company’s stock after buying an additional 7,525 shares during the period. Regent Investment Management LLC’s holdings in Williams Companies, Inc. (The) were worth $2,394,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Williams Companies, Inc. (The) by 2,942.5% in the first quarter. BlackRock Inc. now owns 59,022,046 shares of the pipeline company’s stock valued at $1,746,463,000 after buying an additional 57,082,116 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Williams Companies, Inc. (The) by 21.7% in the first quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock valued at $1,816,554,000 after buying an additional 10,933,027 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Williams Companies, Inc. (The) by 38,673.4% in the first quarter. Clearbridge Investments LLC now owns 7,754,674 shares of the pipeline company’s stock valued at $229,461,000 after buying an additional 7,734,674 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Williams Companies, Inc. (The) by 273.9% in the first quarter. JPMorgan Chase & Co. now owns 10,125,511 shares of the pipeline company’s stock valued at $299,614,000 after buying an additional 7,417,774 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of Williams Companies, Inc. (The) by 341.1% in the first quarter. Janus Capital Management LLC now owns 7,007,756 shares of the pipeline company’s stock valued at $207,359,000 after buying an additional 5,418,945 shares during the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Williams Companies, Inc. (WMB) traded down 0.10% during mid-day trading on Monday, reaching $31.40. The company’s stock had a trading volume of 1,764,963 shares. The stock has a market capitalization of $25.95 billion, a P/E ratio of 2093.33 and a beta of 1.38. Williams Companies, Inc. has a 12 month low of $22.39 and a 12 month high of $32.69. The company has a 50 day moving average price of $29.37 and a 200 day moving average price of $29.47.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Williams Companies, Inc. (The) had a net margin of 0.18% and a return on equity of 3.74%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.03 earnings per share. On average, equities research analysts anticipate that Williams Companies, Inc. will post $0.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Friday, June 9th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, June 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently -3,998.67%.

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Several equities research analysts have recently weighed in on WMB shares. BMO Capital Markets set a $32.00 target price on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $34.00 target price on shares of Williams Companies, Inc. (The) in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $34.00 target price on shares of Williams Companies, Inc. (The) in a research report on Friday, March 31st. Citigroup Inc. raised Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their target price for the stock from $32.00 to $36.00 in a research report on Friday, April 7th. Finally, BidaskClub raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.80.

In related news, VP Ted T. Timmermans sold 1,000 shares of Williams Companies, Inc. (The) stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total transaction of $30,730.00. Following the sale, the vice president now directly owns 13,094 shares of the company’s stock, valued at $402,378.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen W. Bergstrom bought 17,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were purchased at an average cost of $28.12 per share, for a total transaction of $499,130.00. Following the completion of the transaction, the director now owns 17,750 shares of the company’s stock, valued at $499,130. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 38,750 shares of company stock worth $1,107,110 and have sold 92,561 shares worth $2,876,240. 0.50% of the stock is owned by company insiders.

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.

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

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