TIAA CREF Investment Management LLC Grows Stake in Williams Companies, Inc. (The) (WMB)

TIAA CREF Investment Management LLC raised its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 25.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,015,760 shares of the pipeline company’s stock after buying an additional 1,808,134 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.09% of Williams Companies, Inc. (The) worth $272,997,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massey Quick & Co. LLC purchased a new stake in shares of Williams Companies, Inc. (The) during the first quarter worth $121,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 worth $137,000 after buying an additional 1,997 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Williams Companies, Inc. (The) by 27.0% during the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock worth $139,000 after buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 worth $143,000 after buying an additional 2,573 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Williams Companies, Inc. (The) by 300.7% during the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock worth $148,000 after buying an additional 3,672 shares in the last quarter. 84.65% of the stock is owned by institutional investors and hedge funds.

In other Williams Companies, Inc. (The) news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies, Inc. (The) stock in a transaction dated Tuesday, August 8th. The stock was 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 in the company, valued at approximately $340,142.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen W. Bergstrom purchased 17,750 shares of the stock in a transaction on Tuesday, June 20th. The stock was acquired at an average price of $28.12 per share, with a total value of $499,130.00. Following the acquisition, the director now directly owns 17,750 shares in the company, valued at $499,130. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 37,750 shares of company stock valued at $1,072,780. 0.50% of the stock is currently owned by company insiders.

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Shares of Williams Companies, Inc. (NYSE:WMB) traded up 0.182% on Tuesday, hitting $30.305. 1,347,917 shares of the stock traded hands. The firm’s 50 day moving average is $30.30 and its 200-day moving average is $29.84. Williams Companies, Inc. has a 12 month low of $27.35 and a 12 month high of $32.69. The company has a market cap of $25.05 billion, a PE ratio of 47.800 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 analysts’ consensus estimates 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 prior year, the business posted $0.19 EPS. Equities analysts predict that Williams Companies, Inc. will post $0.85 earnings per share for the current year.

The business also recently disclosed 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 is Thursday, September 7th. Williams Companies, Inc. (The)’s dividend payout ratio is presently 196.72%.

A number of equities research analysts have recently issued reports on WMB shares. Jefferies Group LLC set a $34.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Friday, June 16th. BMO Capital Markets set a $32.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $34.00 target price on shares of Williams Companies, Inc. (The) in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Monday, July 24th. Finally, BidaskClub raised shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Williams Companies, Inc. (The) has a consensus rating of “Buy” and a consensus price target of $34.00.

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

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