Seven Eight Capital LP Grows Holdings in Williams Companies, Inc. (The) (WMB)

Seven Eight Capital LP raised its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 524.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,279 shares of the pipeline company’s stock after buying an additional 140,500 shares during the period. Williams Companies, Inc. (The) comprises 0.7% of Seven Eight Capital LP’s holdings, making the stock its 27th biggest holding. Seven Eight Capital LP’s holdings in Williams Companies, Inc. (The) were worth $5,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Williams Companies, Inc. (The) by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock worth $1,816,554,000 after purchasing an additional 10,933,027 shares during the period. BlackRock Inc. lifted its position in shares of Williams Companies, Inc. (The) by 2,942.5% in the 1st quarter. BlackRock Inc. now owns 59,022,046 shares of the pipeline company’s stock worth $1,746,463,000 after purchasing an additional 57,082,116 shares during the period. State Street Corp lifted its position in shares of Williams Companies, Inc. (The) by 9.2% in the 1st quarter. State Street Corp now owns 42,289,708 shares of the pipeline company’s stock worth $1,251,350,000 after purchasing an additional 3,565,627 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Williams Companies, Inc. (The) by 19.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock worth $366,414,000 after purchasing an additional 1,975,398 shares during the period. Finally, Chickasaw Capital Management LLC lifted its position in shares of Williams Companies, Inc. (The) by 0.4% in the 2nd quarter. Chickasaw Capital Management LLC now owns 9,303,863 shares of the pipeline company’s stock worth $281,721,000 after purchasing an additional 38,868 shares during the period. 84.65% of the stock is owned by institutional investors.

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In other Williams Companies, Inc. (The) news, 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 owns 11,094 shares of the company’s stock, valued at $340,142.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen I. Chazen acquired 5,000 shares of the stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $28.93 per share, with a total value of $144,650.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $289,300. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 37,750 shares of company stock valued at $1,072,780. Corporate insiders own 0.50% of the company’s stock.

Williams Companies, Inc. (NYSE WMB) traded up 0.17% during midday trading on Tuesday, reaching $30.30. 1,156,813 shares of the company traded hands. 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 $30.30 and its 200 day moving average price is $29.84. 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. (The) (NYSE:WMB) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same period in the prior year, the company earned $0.19 EPS. On average, equities analysts anticipate that Williams Companies, Inc. will post $0.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, September 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 196.72%.

Several research analysts recently commented on WMB shares. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Scotiabank set a $30.00 price objective on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Barclays PLC upgraded shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada boosted their price objective on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Five investment 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. Williams Companies, Inc. (The) has an average rating of “Buy” and an average price target of $34.00.

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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