WMB has been the topic of a number of other reports. Zacks Investment Research cut shares of Williams Cos. from a hold rating to a sell rating in a research note on Tuesday, September 13th. Vetr upgraded shares of Williams Cos. from a hold rating to a buy rating and set a $22.78 price objective on the stock in a research note on Tuesday, June 21st. Morgan Stanley started coverage on shares of Williams Cos. in a research note on Wednesday, July 13th. They set an equal weight rating and a $24.00 price objective on the stock. They noted that the move was a valuation call. Jefferies Group restated a buy rating on shares of Williams Cos. in a research note on Monday, June 27th. Finally, Tudor Pickering upgraded shares of Williams Cos. from a hold rating to a buy rating in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $30.33.
Shares of Williams Cos. (NYSE:WMB) opened at 31.00 on Monday. The firm’s market capitalization is $23.27 billion. Williams Cos. has a 1-year low of $10.22 and a 1-year high of $44.51. The firm’s 50 day moving average is $28.77 and its 200 day moving average is $22.57.
Williams Cos. (NYSE:WMB) last issued 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 negative net margin of 16.82% and a positive return on equity of 2.14%. During the same quarter in the prior year, the firm earned $0.15 EPS. Analysts anticipate that Williams Cos. will post $0.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.80 annualized dividend and a yield of 2.58%. Williams Cos.’s dividend payout ratio (DPR) is presently -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the transaction, the vice president now owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.87% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in Williams Cos. by 14.3% in the second quarter. Macquarie Group Ltd. now owns 3,056,353 shares of the company’s stock valued at $66,109,000 after buying an additional 382,356 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $597,000. Kentucky Retirement Systems purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $1,256,000. Mason Street Advisors LLC purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $1,967,000. Finally, Cowen Group Inc. purchased a new stake in shares of Williams Cos. during the second quarter valued at approximately $3,113,000. 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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