Brokerages Set Williams Cos. (WMB) Target Price at $29.98
Williams Cos. (NYSE:WMB) has been assigned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.98.
A number of equities analysts have commented on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a $25.00 target price on shares of Williams Cos. in a research note on Wednesday, July 13th. Raymond James Financial Inc. upgraded shares of Williams Cos. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Jefferies Group upped their target price on shares of Williams Cos. from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Vetr upgraded shares of Williams Cos. from a “buy” rating to a “strong-buy” rating and set a $22.78 target price on the stock in a research note on Monday, June 27th. Finally, Citigroup Inc. dropped their target price on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 2nd.
Williams Cos. (NYSE:WMB) opened at 29.89 on Monday. Williams Cos. has a one year low of $10.22 and a one year high of $42.61. The stock’s market capitalization is $22.44 billion. The company has a 50-day moving average of $29.78 and a 200-day moving average of $23.49.
Williams Cos. (NYSE:WMB) last issued its earnings results 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 quarter in the prior year, the company earned $0.15 earnings per share. On average, equities analysts forecast that Williams Cos. will post $0.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. Williams Cos.’s dividend payout ratio is currently -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were 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 owns 13,803 shares of the company’s stock, valued at $362,052.69. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.87% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fernwood Investment Management LLC boosted its position in Williams Cos. by 0.3% in the second quarter. Fernwood Investment Management LLC now owns 30,635 shares of the company’s stock worth $663,000 after buying an additional 100 shares in the last quarter. BLB&B Advisors LLC boosted its position in Williams Cos. by 0.6% in the second quarter. BLB&B Advisors LLC now owns 26,910 shares of the company’s stock worth $582,000 after buying an additional 160 shares in the last quarter. Capital Management Associates NY boosted its position in Williams Cos. by 0.6% in the second quarter. Capital Management Associates NY now owns 32,050 shares of the company’s stock worth $693,000 after buying an additional 200 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Williams Cos. by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 53,926 shares of the company’s stock worth $1,166,000 after buying an additional 228 shares in the last quarter. Finally, Conning Inc. boosted its position in Williams Cos. by 1.5% in the second quarter. Conning Inc. now owns 16,591 shares of the company’s stock worth $359,000 after buying an additional 240 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Williams Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Cos. and related stocks with our FREE daily email newsletter.