Equities research analysts at Royal Bank Of Canada assumed coverage on shares of Williams Cos. (NYSE:WMB) in a research report issued to clients and investors on Monday. The brokerage set an “outperform” rating and a $39.00 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 28.54% from the company’s previous close.
A number of other research firms have also commented on WMB. Zacks Investment Research lowered shares of Williams Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Argus upped their price target on shares of Williams Cos. from $31.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 22nd. Morgan Stanley set a $24.00 price target on shares of Williams Cos. and gave the company a “hold” rating in a report on Wednesday, August 10th. Tudor Pickering upgraded shares of Williams Cos. from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Finally, Citigroup Inc. started coverage on shares of Williams Cos. in a report on Friday, July 22nd. They set a “neutral” rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Cos. presently has a consensus rating of “Buy” and a consensus target price of $29.76.
Williams Cos. (NYSE:WMB) opened at 30.34 on Monday. The stock’s 50 day moving average is $28.35 and its 200-day moving average is $22.23. The firm’s market capitalization is $22.77 billion. Williams Cos. has a one year low of $10.22 and a one year high of $44.51.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts anticipate that Williams Cos. will post $0.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, September 7th. Williams Cos.’s dividend payout ratio (DPR) is -49.38%.
In related news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the sale, the vice president now directly owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.87% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WMB. Fernwood Investment Management LLC increased its stake in shares of Williams Cos. by 0.3% in the second quarter. Fernwood Investment Management LLC now owns 30,635 shares of the company’s stock valued at $663,000 after buying an additional 100 shares during the period. BLB&B Advisors LLC increased its stake in shares of Williams Cos. by 0.6% in the second quarter. BLB&B Advisors LLC now owns 26,910 shares of the company’s stock valued at $582,000 after buying an additional 160 shares during the period. Capital Management Associates NY increased its stake in shares of Williams Cos. by 0.6% in the second quarter. Capital Management Associates NY now owns 32,050 shares of the company’s stock valued at $693,000 after buying an additional 200 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Williams Cos. by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 53,926 shares of the company’s stock valued at $1,166,000 after buying an additional 228 shares during the period. Finally, Conning Inc. increased its stake in shares of Williams Cos. by 1.5% in the second quarter. Conning Inc. now owns 16,591 shares of the company’s stock valued at $359,000 after buying an additional 240 shares during the period. 83.66% of the stock is currently owned by institutional investors.
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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