Several other research analysts have also recently commented on the stock. Argus restated 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. Stephens assumed coverage on shares of Williams Cos. in a report on Thursday, September 29th. They set an equal weight rating and a $32.00 target price for the company. RBC Capital Markets initiated coverage on shares of Williams Cos. in a report on Monday, September 26th. They set an outperform rating and a $39.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of Williams Cos. in a research report on Monday, September 26th. They set an outperform rating and a $39.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Williams Cos. from a hold rating to a sell rating in a research report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Williams Cos. currently has a consensus rating of Buy and a consensus price target of $29.82.
Shares of Williams Cos. (NYSE:WMB) opened at 29.13 on Friday. The stock’s 50 day moving average is $29.85 and its 200 day moving average is $23.63. The firm’s market capitalization is $21.87 billion. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $42.48.
Williams Cos. (NYSE:WMB) last announced its earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 quarter last year, the firm posted $0.15 EPS. Equities research analysts forecast that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The company also recently disclosed 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 was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. Williams Cos.’s payout ratio is -49.38%.
In other Williams Cos. 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 in the company, valued at $362,052.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.87% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Williams Cos. by 7.0% in the first quarter. Legal & General Group Plc now owns 3,515,133 shares of the company’s stock worth $56,480,000 after buying an additional 230,979 shares during the last quarter. State Street Corp increased its stake 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. BB&T Securities LLC increased its stake in Williams Cos. by 68.9% in the second quarter. BB&T Securities LLC now owns 88,007 shares of the company’s stock worth $1,903,000 after buying an additional 35,895 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Williams Cos. by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 369,782 shares of the company’s stock worth $5,913,000 after buying an additional 7,800 shares during the last quarter. Finally, Coastland Capital LLC increased its stake in Williams Cos. by 111.0% in the first quarter. Coastland Capital LLC now owns 223,105 shares of the company’s stock worth $3,585,000 after buying an additional 117,359 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.
About Williams Cos.
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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