Argus reiterated their buy rating on shares of Williams Cos. (NYSE:WMB) in a research report report published on Wednesday morning. They currently have a $36.00 target price on the stock, up from their prior target price of $31.00.
Several other research firms have also recently issued reports on WMB. Evercore Partners Inc. increased their target price on Williams Cos. from $24.00 to $29.00 and gave the stock a buy rating in a research report on Tuesday, August 2nd. Stephens assumed coverage on Williams Cos. in a research report on Thursday, September 29th. They set an equal weight rating and a $32.00 target price for the company. TheStreet upgraded Williams Cos. from a sell rating to a hold rating in a report on Friday, June 17th. Jefferies Group raised their price target on Williams Cos. from $27.00 to $28.00 and gave the company a buy rating in a report on Monday, July 25th. Finally, Citigroup Inc. cut their price target on Williams Cos. from $55.00 to $26.00 and set a neutral rating for the company in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Williams Cos. currently has an average rating of Buy and an average price target of $29.36.
Williams Cos. (NYSE:WMB) opened at 30.57 on Wednesday. The stock’s market capitalization is $22.95 billion. Williams Cos. has a 1-year low of $10.22 and a 1-year high of $43.03. The stock’s 50 day moving average price is $29.66 and its 200 day moving average price is $23.40.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) 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 in the previous year, the firm posted $0.15 EPS. On average, equities research analysts predict that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s dividend payout ratio is currently -49.38%.
In related news, VP Ted T. Timmermans sold 2,000 shares of the firm’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 of the company’s stock, valued at approximately $362,052.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.87% of the company’s stock.
Several large investors have recently modified their holdings of WMB. Fernwood Investment Management LLC raised 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 worth $663,000 after buying an additional 100 shares in the last quarter. BLB&B Advisors LLC raised 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 worth $582,000 after buying an additional 160 shares in the last quarter. Capital Management Associates NY raised 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 worth $693,000 after buying an additional 200 shares in the last quarter. Capital Investment Advisors LLC raised 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 worth $1,166,000 after buying an additional 228 shares in the last quarter. Finally, Conning Inc. raised 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 worth $359,000 after buying an additional 240 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other 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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