Strs Ohio boosted its stake in shares of Williams Companies Inc (NYSE:WMB) by 124.1% in the 2nd quarter, Holdings Channel reports. The fund owned 34,372 shares of the pipeline company’s stock after buying an additional 19,031 shares during the period. Strs Ohio’s holdings in Williams Companies were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank raised its position in Williams Companies by 17.6% during the first quarter. Toronto Dominion Bank now owns 786,940 shares of the pipeline company’s stock valued at $22,595,000 after acquiring an additional 117,942 shares in the last quarter. Merit Financial Group LLC raised its position in Williams Companies by 27.2% during the first quarter. Merit Financial Group LLC now owns 13,749 shares of the pipeline company’s stock valued at $394,000 after acquiring an additional 2,936 shares in the last quarter. Crawford Investment Counsel Inc. raised its position in Williams Companies by 11.2% during the first quarter. Crawford Investment Counsel Inc. now owns 459,893 shares of the pipeline company’s stock valued at $13,208,000 after acquiring an additional 46,400 shares in the last quarter. Trust Asset Management LLC raised its position in Williams Companies by 123.9% during the first quarter. Trust Asset Management LLC now owns 1,386,857 shares of the pipeline company’s stock valued at $39,831,000 after acquiring an additional 767,373 shares in the last quarter. Finally, AGF Investments America Inc. raised its position in Williams Companies by 7.1% during the first quarter. AGF Investments America Inc. now owns 90,095 shares of the pipeline company’s stock valued at $2,588,000 after acquiring an additional 5,997 shares in the last quarter. Institutional investors own 88.23% of the company’s stock.

Shares of NYSE:WMB opened at $23.89 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.56. The stock has a 50 day moving average price of $26.68. The firm has a market capitalization of $28.89 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 3.84 and a beta of 1.56. Williams Companies Inc has a 1 year low of $20.36 and a 1 year high of $31.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, analysts forecast that Williams Companies Inc will post 0.96 earnings per share for the current year.

A number of research firms have recently commented on WMB. Citigroup cut their price objective on Williams Companies from $31.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Raymond James upgraded Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Credit Suisse Group cut their price objective on Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Argus cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.36.

In other news, SVP Terrance Lane Wilson purchased 4,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $23.60 per share, with a total value of $94,400.00. Following the completion of the purchase, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John D. Chandler purchased 10,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $23.24 per share, for a total transaction of $232,400.00. Following the completion of the purchase, the insider now directly owns 63,052 shares of the company’s stock, valued at $1,465,328.48. The disclosure for this purchase can be found here. Insiders bought 34,000 shares of company stock worth $839,400 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Williams Companies Company Profile

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.

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

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