Sentry Investment Management LLC raised its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 16.3% during the first quarter, Holdings Channel reports. The firm owned 63,408 shares of the pipeline company’s stock after buying an additional 8,898 shares during the period. Sentry Investment Management LLC’s holdings in Williams Companies, Inc. (The) were worth $1,876,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Glenview Capital Management LLC acquired a new stake in Williams Companies, Inc. (The) during the fourth quarter valued at approximately $262,820,000. JPMorgan Chase & Co. increased its stake in 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 period. Lone Pine Capital LLC increased its stake in Williams Companies, Inc. (The) by 76.6% in the fourth quarter. Lone Pine Capital LLC now owns 16,327,936 shares of the pipeline company’s stock valued at $508,452,000 after buying an additional 7,080,689 shares during the period. Norges Bank acquired a new stake in Williams Companies, Inc. (The) during the fourth quarter valued at approximately $173,168,000. Finally, Energy Income Partners LLC acquired a new stake in Williams Companies, Inc. (The) during the fourth quarter valued at approximately $132,352,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

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

Williams Companies, Inc. (NYSE:WMB) traded up 2.90% on Friday, hitting $29.12. 8,328,096 shares of the company traded hands. The firm’s 50 day moving average price is $29.77 and its 200 day moving average price is $29.59. Williams Companies, Inc. has a 1-year low of $19.60 and a 1-year high of $32.69. The firm has a market capitalization of $24.06 billion, a PE ratio of 1941.33 and a beta of 1.33.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities research analysts predict that Williams Companies, Inc. will post $0.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.20 dividend on an annualized basis and a yield of 4.12%. Williams Companies, Inc. (The)’s dividend payout ratio is presently -3,998.67%.

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WMB has been the topic of several recent research reports. Zacks Investment Research raised shares of Williams Companies, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. BMO Capital Markets set a $32.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, March 22nd. Scotiabank reaffirmed a “hold” rating and set a $30.00 price objective on shares of Williams Companies, Inc. (The) in a report on Thursday, April 27th. Wells Fargo & Company raised shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Finally, Citigroup Inc. raised shares of Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $36.00 in a report on Friday, April 7th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Williams Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus price target of $32.39.

In other Williams Companies, Inc. (The) news, CEO Alan S. Armstrong purchased 15,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average cost of $28.60 per share, with a total value of $429,000.00. Following the acquisition, the chief executive officer now owns 345,527 shares in the company, valued at $9,882,072.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robyn L. Ewing sold 81,561 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.14, for a total value of $2,539,809.54. Following the completion of the transaction, the insider now directly owns 47,003 shares in the company, valued at $1,463,673.42. The disclosure for this sale can be found here. Over the last three months, insiders purchased 21,000 shares of company stock worth $607,980 and sold 92,561 shares worth $2,876,240. 0.53% of the stock is currently owned by insiders.

About Williams Companies, Inc. (The)

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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