Shares of Williams Cos. (NYSE:WMB) have earned a consensus rating of “Buy” from the eighteen research firms that are presently covering the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $29.98.
WMB has been the subject of several recent analyst reports. Zacks Investment Research downgraded Williams Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Vetr raised Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 target price for the company in a report on Tuesday, June 21st. Argus reaffirmed a “buy” rating and set a $36.00 target price (up previously from $31.00) on shares of Williams Cos. in a report on Wednesday, October 5th. Morgan Stanley began coverage on Williams Cos. in a report on Wednesday, July 13th. They set an “equal weight” rating and a $24.00 target price for the company. They noted that the move was a valuation call. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Williams Cos. in a report on Monday, June 27th.
In related news, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the sale, the vice president now directly owns 13,803 shares in the company, valued at $362,052.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.87% of the company’s stock.
Several hedge funds have recently modified their holdings of WMB. Whittier Trust Co. boosted its stake in shares of Williams Cos. by 207.3% in the second quarter. Whittier Trust Co. now owns 4,916 shares of the company’s stock valued at $106,000 after buying an additional 3,316 shares during the last quarter. National Asset Management Inc. purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $201,000. Wetherby Asset Management Inc. purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $211,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Williams Cos. by 4.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,832 shares of the company’s stock valued at $213,000 after buying an additional 402 shares during the last quarter. Finally, Commerce Bank purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Shares of Williams Cos. (NYSE:WMB) traded up 0.7676% during midday trading on Monday, reaching $30.6132. 2,672,984 shares of the company’s stock were exchanged. Williams Cos. has a one year low of $10.22 and a one year high of $44.14. The company’s 50-day moving average is $29.58 and its 200-day moving average is $23.20. The stock’s market cap is $22.98 billion.
Williams Cos. (NYSE:WMB) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 period last year, the company posted $0.15 earnings per share. Equities analysts expect that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s payout ratio is -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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