Stephens started coverage on shares of Williams Cos. (NYSE:WMB) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the stock.
Other analysts have also issued research reports about the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $25.00 price objective on shares of Williams Cos. in a report on Wednesday, July 13th. Raymond James Financial Inc. raised shares of Williams Cos. from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $27.00 price objective (down previously from $30.00) on shares of Williams Cos. in a report on Wednesday, June 8th. Vetr raised shares of Williams Cos. from a “buy” rating to a “strong-buy” rating and set a $22.78 price objective for the company in a report on Monday, June 27th. Finally, Citigroup Inc. dropped their price objective on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $30.33.
Shares of Williams Cos. (NYSE:WMB) traded down 1.84% during trading on Thursday, hitting $30.43. The stock had a trading volume of 2,613,311 shares. Williams Cos. has a one year low of $10.22 and a one year high of $44.51. The stock’s market cap is $22.84 billion. The stock’s 50-day moving average price is $28.77 and its 200 day moving average price is $22.57.
Williams Cos. (NYSE:WMB) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share 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 business posted $0.15 EPS. On average, equities analysts forecast that Williams Cos. will post $0.64 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were given 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 dividend yield of 2.58%. Williams Cos.’s dividend payout ratio is -49.38%.
In other news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction on Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the transaction, the vice president now directly owns 13,803 shares of the company’s stock, valued at $362,052.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.87% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its position 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 worth $106,000 after buying an additional 3,316 shares in the last quarter. National Asset Management Inc. purchased a new position in shares of Williams Cos. during the second quarter worth $201,000. Howard Hughes Medical Institute boosted its position in shares of Williams Cos. by 1,484.3% in the first quarter. Howard Hughes Medical Institute now owns 12,991 shares of the company’s stock worth $209,000 after buying an additional 12,171 shares in the last quarter. Wetherby Asset Management Inc. purchased a new position in shares of Williams Cos. during the second quarter worth $211,000. Finally, Winslow Evans & Crocker Inc. boosted its position 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 worth $213,000 after buying an additional 402 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.
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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