CIBC Private Wealth Group LLC cut its stake in shares of Williams Companies Inc (NYSE:WMB) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,075,444 shares of the pipeline company’s stock after selling 1,689,041 shares during the quarter. Williams Companies comprises 1.0% of CIBC Private Wealth Group LLC’s holdings, making the stock its 20th largest position. CIBC Private Wealth Group LLC’s holdings in Williams Companies were worth $222,164,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMB. Vanguard Group Inc raised its position in Williams Companies by 47.6% during the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after purchasing an additional 30,031,200 shares during the period. Vanguard Group Inc. raised its position in Williams Companies by 47.6% during the third quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after purchasing an additional 30,031,200 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in Williams Companies by 149.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock valued at $1,138,898,000 after purchasing an additional 25,063,078 shares during the period. Kayne Anderson Capital Advisors LP raised its position in Williams Companies by 270.4% during the third quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock valued at $571,344,000 after purchasing an additional 15,340,711 shares during the period. Finally, Brookfield Asset Management Inc. raised its position in Williams Companies by 252.8% during the third quarter. Brookfield Asset Management Inc. now owns 16,146,678 shares of the pipeline company’s stock valued at $439,028,000 after purchasing an additional 11,570,105 shares during the period. Institutional investors and hedge funds own 87.15% of the company’s stock.

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

WMB has been the topic of a number of recent research reports. US Capital Advisors upgraded Williams Companies from a “hold” rating to an “overweight” rating in a research report on Wednesday, October 17th. Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Wednesday, January 16th. Seaport Global Securities started coverage on Williams Companies in a report on Friday, October 19th. They issued a “buy” rating and a $31.00 price target on the stock. Bank of America reduced their price target on Williams Companies from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, Mizuho started coverage on Williams Companies in a report on Wednesday, November 28th. They issued a “buy” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Williams Companies has a consensus rating of “Buy” and an average price target of $32.27.

Shares of NYSE WMB opened at $26.88 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27. Williams Companies Inc has a fifty-two week low of $20.36 and a fifty-two week high of $32.22. The company has a market capitalization of $32.54 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 4.39 and a beta of 1.71.

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Williams Companies Profile

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.

Read More: Leveraged Buyout (LBO) Explained

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

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