Jefferies Group Research Analysts Decrease Earnings Estimates for Williams Cos. (WMB)
Williams Cos. (NYSE:WMB) – Investment analysts at Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for shares of Williams Cos. in a report issued on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the brokerage will post earnings of $0.62 per share for the year, down from their prior forecast of $0.65. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock.
Williams Cos. (NYSE:WMB) last released its quarterly earnings results on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 company posted $0.15 EPS.
Other equities research analysts have also issued reports about the company. Goldman Sachs Group Inc. restated a “buy” rating and issued a $25.00 target price on shares of Williams Cos. in a report on Wednesday, July 13th. Raymond James Financial Inc. upgraded Williams Cos. from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Citigroup Inc. cut their price target on Williams Cos. from $55.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. Vetr upgraded Williams Cos. from a “buy” rating to a “strong-buy” rating and set a $22.78 price target for the company in a report on Monday, June 27th. Finally, Morgan Stanley set a $24.00 price target on Williams Cos. and gave the stock a “hold” rating in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Cos. presently has an average rating of “Buy” and an average price target of $29.36.
Williams Cos. (NYSE:WMB) traded down 0.086% during trading on Friday, reaching $29.175. 3,239,014 shares of the company’s stock were exchanged. The company’s market capitalization is $21.90 billion. The stock’s 50-day moving average price is $29.82 and its 200-day moving average price is $23.53. Williams Cos. has a 52-week low of $10.22 and a 52-week high of $42.61.
Several hedge funds have recently made changes to their positions in WMB. Legal & General Group Plc raised its position in shares of Williams Cos. by 7.0% in the first quarter. Legal & General Group Plc now owns 3,515,133 shares of the company’s stock valued at $56,480,000 after buying an additional 230,979 shares during the period. State Street Corp raised its position in shares of Williams Cos. by 7.4% in the first quarter. State Street Corp now owns 35,986,326 shares of the company’s stock valued at $578,305,000 after buying an additional 2,493,583 shares during the period. BB&T Securities LLC raised its position in shares of Williams Cos. by 68.9% in the second quarter. BB&T Securities LLC now owns 88,007 shares of the company’s stock valued at $1,903,000 after buying an additional 35,895 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Williams Cos. by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 369,782 shares of the company’s stock valued at $5,913,000 after buying an additional 7,800 shares during the period. Finally, Coastland Capital LLC raised its position in shares of Williams Cos. by 111.0% in the first quarter. Coastland Capital LLC now owns 223,105 shares of the company’s stock valued at $3,585,000 after buying an additional 117,359 shares during the period. Institutional investors own 83.66% of the company’s stock.
In other news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the sale, the vice president now owns 13,803 shares in the company, valued at $362,052.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.87% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, September 7th. Williams Cos.’s payout ratio is presently -49.38%.
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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