Williams Cos. (WMB) Receives “Buy” Rating from Jefferies Group
Several other analysts also recently issued reports on WMB. Citigroup Inc. lowered 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. Zacks Investment Research downgraded Williams Cos. from a hold rating to a sell rating in a research note on Tuesday, September 13th. Morgan Stanley set a $24.00 target price on Williams Cos. and gave the company a hold rating in a research note on Wednesday, August 10th. Evercore Partners Inc. raised their target price on Williams Cos. from $24.00 to $29.00 and gave the company a buy rating in a research note on Tuesday, August 2nd. Finally, RBC Capital Markets started coverage on Williams Cos. in a research note on Monday, September 26th. They set an outperform rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $29.82.
Shares of Williams Cos. (NYSE:WMB) opened at 29.13 on Friday. The stock has a 50 day moving average price of $29.85 and a 200 day moving average price of $23.63. The stock’s market capitalization is $21.87 billion. Williams Cos. has a 12-month low of $10.22 and a 12-month high of $42.48.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period last year, the company 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 company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s dividend payout ratio is -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the business’s 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 completion of the transaction, the vice president now owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMB. Trust Department MB Financial Bank N A raised its position in Williams Cos. by 595.5% in the second quarter. Trust Department MB Financial Bank N A now owns 4,472 shares of the company’s stock worth $256,000 after buying an additional 3,829 shares in the last quarter. Whittier Trust Co. raised its position in 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. Advisor Consultant Network Inc. purchased a new position in Williams Cos. during the third quarter worth $212,000. Raymond James Trust N.A. purchased a new position in Williams Cos. during the third quarter worth $227,000. Finally, Franklin Street Advisors Inc. NC purchased a new position in Williams Cos. during the third quarter worth $249,000. 83.66% of the stock is owned by hedge funds and other institutional investors.
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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