Williams Companies Inc (NYSE:WMB) Stake Lowered by Oakbrook Investments LLC

Oakbrook Investments LLC cut its stake in shares of Williams Companies Inc (NYSE:WMB) by 0.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 60,880 shares of the pipeline company’s stock after selling 550 shares during the period. Oakbrook Investments LLC’s holdings in Williams Companies were worth $1,748,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legacy Advisors LLC purchased a new position in Williams Companies in the first quarter valued at approximately $29,000. Claybrook Capital LLC purchased a new stake in Williams Companies in the 4th quarter worth about $26,000. JNBA Financial Advisors increased its position in Williams Companies by 68.6% in the 4th quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. JOYN Advisors Inc. grew its holdings in Williams Companies by 57.9% in the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock valued at $28,000 after buying an additional 463 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its position in shares of Williams Companies by 381.7% in the 4th quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 90.21% of the company’s stock.

In related news, Director Kathleen B. Cooper sold 9,615 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total value of $263,354.85. Following the transaction, the director now owns 32,272 shares of the company’s stock, valued at approximately $883,930.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Walter J. Bennett sold 14,859 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $27.13, for a total transaction of $403,124.67. Following the completion of the transaction, the insider now directly owns 116,881 shares in the company, valued at approximately $3,170,981.53. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

NYSE:WMB traded up $0.59 during trading hours on Friday, hitting $27.55. 5,480,433 shares of the company were exchanged, compared to its average volume of 5,653,603. 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 Inc has a one year low of $20.36 and a one year high of $32.22. The firm has a market cap of $32.67 billion, a P/E ratio of 34.87, a P/E/G ratio of 4.28 and a beta of 1.70.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. As a group, equities research analysts expect that Williams Companies Inc will post 0.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.52 annualized dividend and a yield of 5.52%. Williams Companies’s payout ratio is 192.41%.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Williams Companies from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Saturday, January 12th. Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Wednesday, January 16th. Evercore ISI assumed coverage on Williams Companies in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Bank of America set a $30.00 target price on Williams Companies and gave the company a “buy” rating in a research report on Thursday, February 14th. Finally, Mizuho set a $32.00 target price on Williams Companies and gave the company a “buy” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.33.

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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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