Argus Reaffirms “Buy” Rating for Williams Cos. (WMB)
Williams Cos. (NYSE:WMB)‘s stock had its “buy” rating restated by research analysts at Argus in a report released on Wednesday. They presently have a $36.00 price objective on the stock, up from their previous price objective of $31.00. Argus’ target price would indicate a potential upside of 19.17% from the company’s previous close.
A number of other brokerages have also recently issued reports on WMB. Evercore Partners Inc. lifted their price objective on Williams Cos. from $24.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Stephens initiated coverage on Williams Cos. in a report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price objective for the company. TheStreet raised Williams Cos. from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Jefferies Group lifted their price objective 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 objective 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 analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.36.
Shares of Williams Cos. (NYSE:WMB) traded up 1.06% during trading on Wednesday, reaching $30.53. 616,027 shares of the company were exchanged. The stock’s market capitalization is $22.92 billion. Williams Cos. has a 52-week low of $10.22 and a 52-week high of $44.51. The stock has a 50-day moving average of $29.27 and a 200 day moving average of $22.99.
Williams Cos. (NYSE:WMB) last issued its earnings results on Monday, August 1st. The company reported $0.19 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 prior year, the firm earned $0.15 earnings per share. On average, equities analysts anticipate that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The business also recently announced 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 of this dividend was Wednesday, September 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. Williams Cos.’s payout ratio is currently -49.38%.
In other news, VP Ted T. Timmermans sold 2,000 shares of the business’s 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 completion of the transaction, the vice president now directly owns 13,803 shares in the company, valued at approximately $362,052.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.87% of the company’s stock.
Several institutional investors have recently bought and sold shares of WMB. Macquarie Group Ltd. raised 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 last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Williams Cos. during the second quarter valued at $597,000. Kentucky Retirement Systems acquired a new position in Williams Cos. during the second quarter valued at $1,256,000. Mason Street Advisors LLC acquired a new position in Williams Cos. during the second quarter valued at $1,967,000. Finally, Cowen Group Inc. acquired a new position in Williams Cos. during the second quarter valued at $3,113,000. Institutional investors 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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