Williams Cos. (WMB) Receives New Coverage from Analysts at Stephens
Equities researchers at Stephens assumed coverage on shares of Williams Cos. (NYSE:WMB) in a research report issued on Thursday. The firm set an “equal weight” rating on the stock.
A number of other brokerages have also recently commented on WMB. Zacks Investment Research cut Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Royal Bank Of Canada assumed coverage on Williams Cos. in a research note on Monday. They set an “outperform” rating and a $39.00 price objective on the stock. RBC Capital Markets assumed coverage on Williams Cos. in a research note on Monday. They set an “outperform” rating and a $39.00 price objective on the stock. Argus boosted their price objective on Williams Cos. from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, August 22nd. Finally, Morgan Stanley set a $24.00 price objective on Williams Cos. and gave the stock a “hold” rating in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $30.33.
Shares of Williams Cos. (NYSE:WMB) traded down 1.84% during midday trading on Thursday, reaching $30.43. The company’s stock had a trading volume of 2,613,311 shares. The firm’s 50 day moving average is $28.77 and its 200 day moving average is $22.57. The firm’s market capitalization is $22.84 billion. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $44.51.
Williams Cos. (NYSE:WMB) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the Zacks’ 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 last year, the firm posted $0.15 EPS. Equities analysts forecast that Williams Cos. will post $0.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. Williams Cos.’s payout ratio is currently -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $26.23, for a total value of $52,460.00. Following the completion of the transaction, the vice president now directly owns 13,803 shares in the company, valued at $362,052.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.87% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of WMB. Macquarie Group Ltd. increased its position in shares of 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 in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Williams Cos. during the second quarter valued at about $597,000. Kentucky Retirement Systems acquired a new position in shares of Williams Cos. during the second quarter valued at about $1,256,000. Mason Street Advisors LLC acquired a new position in shares of Williams Cos. during the second quarter valued at about $1,967,000. Finally, Cowen Group Inc. acquired a new position in shares of Williams Cos. during the second quarter valued at about $3,113,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
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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