Wesbanco Bank Inc. Sells 900 Shares of Williams Companies Inc (WMB)

Wesbanco Bank Inc. lowered its holdings in Williams Companies Inc (NYSE:WMB) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,652 shares of the pipeline company’s stock after selling 900 shares during the period. Wesbanco Bank Inc.’s holdings in Williams Companies were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WMB. Vanguard Group Inc lifted its holdings in Williams Companies by 47.6% in the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after acquiring an additional 30,031,200 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Williams Companies by 47.6% in the third quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after acquiring an additional 30,031,200 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in Williams Companies by 149.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock worth $1,138,898,000 after acquiring an additional 25,063,078 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Williams Companies by 270.4% in the third quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock worth $571,344,000 after acquiring an additional 15,340,711 shares during the last quarter. Finally, Brookfield Asset Management Inc. lifted its holdings in Williams Companies by 252.8% in the third quarter. Brookfield Asset Management Inc. now owns 16,146,678 shares of the pipeline company’s stock worth $439,028,000 after acquiring an additional 11,570,105 shares during the last quarter. 86.96% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Kathleen B. Cooper sold 9,760 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 41,887 shares in the company, valued at $1,072,307.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Shares of NYSE WMB traded up $0.49 during mid-day trading on Wednesday, reaching $27.22. 128,124 shares of the company traded hands, compared to its average volume of 8,774,817. 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 debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $32.36 billion, a PE ratio of 42.99, a P/E/G ratio of 4.39 and a beta of 1.71.

WMB has been the topic of a number of recent analyst reports. US Capital Advisors raised Williams Companies from a “hold” rating to an “overweight” rating in a report on Wednesday, October 17th. Zacks Investment Research raised Williams Companies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 18th. Seaport Global Securities initiated coverage on Williams Companies in a report on Friday, October 19th. They set a “buy” rating and a $31.00 price target on the stock. Bank of America cut 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, ValuEngine cut Williams Companies from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $32.27.

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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.

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

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