Williams Cos. (NYSE:WMB) – Jefferies Group lowered their FY2016 earnings per share estimates for Williams Cos. in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the brokerage will post earnings per share of $0.62 for the year, down from their prior estimate of $0.65. Jefferies Group has a “Buy” rating and a $28.00 price objective on the stock.
WMB has been the topic of a number of other reports. Citigroup Inc. assumed coverage on shares of Williams Cos. in a research note on Friday, July 22nd. They issued a “neutral” rating and a $26.00 target price on the stock. Tudor Pickering upgraded shares of Williams Cos. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded shares of Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Royal Bank Of Canada assumed coverage on shares of Williams Cos. in a research note on Monday, September 26th. They set an “outperform” rating and a $39.00 price objective on the stock. Finally, Vetr upgraded shares of Williams Cos. from a “buy” rating to a “strong-buy” rating and set a $22.78 price objective on the stock in a research note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.36.
Williams Cos. (NYSE:WMB) opened at 29.13 on Friday. The company has a 50-day moving average of $29.85 and a 200-day moving average of $23.63. The stock’s market capitalization is $21.87 billion. Williams Cos. has a one year low of $10.22 and a one year high of $42.48.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Williams Cos. had a positive return on equity of 2.14% and a negative net margin of 16.82%. During the same quarter in the previous year, the business earned $0.15 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of WMB. UBS Asset Management Americas Inc. increased its position in Williams Cos. by 4.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,759,903 shares of the company’s stock worth $28,282,000 after buying an additional 67,745 shares in the last quarter. State Street Corp boosted its position in Williams Cos. by 7.4% in the first quarter. State Street Corp now owns 35,986,326 shares of the company’s stock worth $578,305,000 after buying an additional 2,493,583 shares during the last quarter. Cypress Wealth Advisors LLC boosted its position in Williams Cos. by 29.4% in the first quarter. Cypress Wealth Advisors LLC now owns 34,735 shares of the company’s stock worth $558,000 after buying an additional 7,901 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in Williams Cos. by 35.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 592,400 shares of the company’s stock worth $9,520,000 after buying an additional 153,800 shares during the last quarter. Finally, Credit Agricole S A boosted its position in Williams Cos. by 50.5% in the first quarter. Credit Agricole S A now owns 442,331 shares of the company’s stock worth $7,109,000 after buying an additional 148,417 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.
In related news, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the transaction, the vice president now directly owns 13,803 shares in the company, valued at $362,052.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.87% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. Williams Cos.’s payout ratio is currently -49.38%.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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