Williams Companies Inc (WMB) Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. reduced its stake in shares of Williams Companies Inc (NYSE:WMB) by 98.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,225 shares of the pipeline company’s stock after selling 70,150 shares during the period. Blume Capital Management Inc.’s holdings in Williams Companies were worth $27,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WMB. Advisors Asset Management Inc. raised its holdings in shares of Williams Companies by 192.1% in the second quarter. Advisors Asset Management Inc. now owns 465,782 shares of the pipeline company’s stock valued at $12,627,000 after purchasing an additional 306,311 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $2,660,000. Bank of New York Mellon Corp raised its holdings in shares of Williams Companies by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 7,299,069 shares of the pipeline company’s stock valued at $197,876,000 after purchasing an additional 247,977 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of Williams Companies by 744.7% in the third quarter. Hollencrest Capital Management now owns 359,146 shares of the pipeline company’s stock valued at $9,766,000 after purchasing an additional 316,627 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of Williams Companies by 39.1% in the third quarter. DNB Asset Management AS now owns 149,494 shares of the pipeline company’s stock valued at $4,065,000 after purchasing an additional 41,994 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.

Shares of WMB opened at $26.72 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72. Williams Companies Inc has a 1-year low of $20.36 and a 1-year high of $32.22. The firm has a market cap of $32.40 billion, a P/E ratio of 42.41, a PEG ratio of 4.39 and a beta of 1.71.

In other Williams Companies news, Director Kathleen B. Cooper sold 9,760 shares of Williams Companies stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $25.60, for a total transaction of $249,856.00. Following the completion of the transaction, the director now directly owns 41,887 shares of the company’s stock, valued at $1,072,307.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

A number of brokerages recently weighed in on WMB. Bank of America lowered their target price on shares of Williams Companies from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Evercore ISI began coverage on shares of Williams Companies in a report on Tuesday, February 5th. They set an “outperform” rating on the stock. Zacks Investment Research restated a “buy” rating and set a $29.00 target price on shares of Williams Companies in a report on Saturday, November 17th. US Capital Advisors upgraded shares of Williams Companies from a “hold” rating to an “overweight” rating in a report on Wednesday, October 17th. Finally, Barclays upgraded shares of 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company’s stock. Williams Companies presently has a consensus rating of “Buy” and a consensus target price of $32.27.

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About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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

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