Picton Mahoney Asset Management trimmed its stake in shares of Williams Companies Inc (NYSE:WMB) by 8.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 361,400 shares of the pipeline company’s stock after selling 32,900 shares during the period. Picton Mahoney Asset Management’s holdings in Williams Companies were worth $11,019,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WMB. Thrivent Financial For Lutherans raised its position in shares of Williams Companies by 4.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 31,560 shares of the pipeline company’s stock worth $956,000 after buying an additional 1,240 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Williams Companies during the 2nd quarter worth about $244,000. Nordea Investment Management AB raised its position in shares of Williams Companies by 1.5% during the 2nd quarter. Nordea Investment Management AB now owns 40,300 shares of the pipeline company’s stock worth $1,220,000 after buying an additional 584 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Williams Companies by 86.8% during the 2nd quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock worth $29,862,000 after buying an additional 458,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Williams Companies by 26.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,848,766 shares of the pipeline company’s stock worth $55,972,000 after buying an additional 386,579 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

Shares of Williams Companies Inc (NYSE WMB) opened at $30.70 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. Williams Companies Inc has a fifty-two week low of $26.82 and a fifty-two week high of $33.67. The company has a market cap of $25,380.00, a P/E ratio of 53.86, a P/E/G ratio of 2.65 and a beta of 1.32.

In other Williams Companies news, CEO Alan S. Armstrong bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the acquisition, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James E. Scheel sold 26,915 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

A number of analysts have commented on the stock. Jefferies Group restated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a research report on Friday, January 12th. Barclays downgraded shares of Williams Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $36.00 to $35.00 in a research report on Wednesday, January 17th. Royal Bank of Canada restated a “buy” rating and set a $38.00 price target on shares of Williams Companies in a research report on Tuesday, January 16th. Bank of America assumed coverage on shares of Williams Companies in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of Williams Companies in a research report on Thursday, January 4th. They set an “outperform” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.91.

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Williams Companies Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

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

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