Oakbrook Investments LLC reduced its position in Williams Companies Inc (NYSE:WMB) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,615 shares of the pipeline company’s stock after selling 1,265 shares during the quarter. Oakbrook Investments LLC’s holdings in Williams Companies were worth $1,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clearbridge Investments LLC raised its stake in Williams Companies by 7.4% in the first quarter. Clearbridge Investments LLC now owns 20,402,361 shares of the pipeline company’s stock valued at $585,956,000 after purchasing an additional 1,399,040 shares in the last quarter. Geode Capital Management LLC raised its stake in Williams Companies by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock valued at $346,152,000 after purchasing an additional 1,124,517 shares in the last quarter. Northern Trust Corp raised its stake in Williams Companies by 1.9% in the first quarter. Northern Trust Corp now owns 14,854,724 shares of the pipeline company’s stock valued at $426,629,000 after purchasing an additional 281,665 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in Williams Companies by 8.7% in the second quarter. Chickasaw Capital Management LLC now owns 14,790,191 shares of the pipeline company’s stock valued at $414,717,000 after purchasing an additional 1,182,565 shares in the last quarter. Finally, Norges Bank purchased a new stake in Williams Companies in the fourth quarter valued at approximately $257,472,000. 88.16% of the stock is currently owned by institutional investors and hedge funds.

WMB has been the topic of a number of recent analyst reports. Raymond James initiated coverage on shares of Planet Fitness in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 target price on the stock. ValuEngine raised shares of Zimmer Biomet from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays set a €81.00 ($94.19) target price on shares of Fresenius Medical Care AG & Co. KGaA and gave the company a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Williams Companies has a consensus rating of “Buy” and a consensus price target of $32.38.

In other Williams Companies news, VP Ted T. Timmermans sold 5,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total transaction of $130,300.00. Following the transaction, the vice president now directly owns 18,666 shares of the company’s stock, valued at $486,435.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen I. Chazen purchased 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were acquired at an average cost of $27.33 per share, for a total transaction of $273,300.00. Following the completion of the purchase, the director now directly owns 45,730 shares of the company’s stock, valued at approximately $1,249,800.90. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Shares of WMB stock traded down $1.19 during trading hours on Friday, hitting $25.13. 20,259,923 shares of the company’s stock were exchanged, compared to its average volume of 5,613,604. The stock has a market capitalization of $31.89 billion, a P/E ratio of 32.10, a PEG ratio of 4.24 and a beta of 1.56. Williams Companies Inc has a 12-month low of $20.36 and a 12-month high of $32.22. The stock has a 50 day simple moving average of $27.73. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 1.32.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, sell-side analysts anticipate that Williams Companies Inc will post 0.96 EPS for the current fiscal year.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

Featured Article: What does an equal weight rating mean?

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.