Williams Cos. (WMB) Stock Rating Reaffirmed by Jefferies Group
Williams Cos. (NYSE:WMB)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a report issued on Sunday. They currently have a $35.00 price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 20.15% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $25.00 target price on shares of Williams Cos. in a research report 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 report on Wednesday, August 3rd. Citigroup Inc. decreased their target price on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, August 2nd. Vetr upgraded shares of Williams Cos. from a “buy” rating to a “strong-buy” rating and set a $22.78 target price for the company in a research report on Monday, June 27th. Finally, Morgan Stanley set a $24.00 target price on shares of Williams Cos. and gave the company a “hold” rating in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $29.82.
Shares of Williams Cos. (NYSE:WMB) opened at 29.13 on Friday. Williams Cos. has a one year low of $10.22 and a one year high of $42.48. The stock’s market capitalization is $21.87 billion. The stock’s 50 day moving average is $29.85 and its 200-day moving average is $23.63.
Williams Cos. (NYSE:WMB) last announced its earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts expect that Williams Cos. will post $0.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s dividend payout ratio (DPR) is -49.38%.
In other news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 13,803 shares of the company’s stock, valued at $362,052.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.87% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of WMB. Advisor Consultant Network Inc. bought a new stake in Williams Cos. during the third quarter worth about $212,000. National Pension Service raised its stake in Williams Cos. by 9.3% in the third quarter. National Pension Service now owns 615,361 shares of the company’s stock worth $18,910,000 after buying an additional 52,210 shares during the period. Duff & Phelps Investment Management Co. raised its stake in Williams Cos. by 350.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 804,869 shares of the company’s stock worth $24,734,000 after buying an additional 626,325 shares during the period. Cohen Capital Management Inc. raised its stake in Williams Cos. by 4.5% in the third quarter. Cohen Capital Management Inc. now owns 72,650 shares of the company’s stock worth $2,233,000 after buying an additional 3,150 shares during the period. Finally, Viking Fund Management LLC raised its stake in Williams Cos. by 246.7% in the third quarter. Viking Fund Management LLC now owns 260,000 shares of the company’s stock worth $7,990,000 after buying an additional 185,000 shares during the period. 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.
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