Williams Cos. Expected to Post Q3 2016 Earnings of $0.11 Per Share (WMB)
Williams Cos. (NYSE:WMB) – Research analysts at Jefferies Group issued their Q3 2016 earnings estimates for shares of Williams Cos. in a report released on Thursday. Jefferies Group analyst C. Sighinolfi anticipates that the firm will post earnings of $0.11 per share for the quarter. Jefferies Group has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Williams Cos.’s FY2017 earnings at $1.02 EPS.
Williams Cos. (NYSE:WMB) last announced its quarterly earnings data 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 negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period in the previous year, the company posted $0.15 earnings per share.
A number of other equities analysts have also issued reports on WMB. Vetr raised Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 price target for the company in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $25.00 price target on shares of Williams Cos. in a research note on Wednesday, July 13th. Morgan Stanley started coverage on Williams Cos. in a research note on Wednesday, July 13th. They set an “equal weight” rating and a $24.00 price target for the company. They noted that the move was a valuation call. Zacks Investment Research lowered Williams Cos. from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Finally, Tudor Pickering raised Williams Cos. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.82.
Shares of Williams Cos. (NYSE:WMB) opened at 29.07 on Monday. The stock’s market cap is $21.82 billion. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $42.17. The stock has a 50 day moving average price of $29.89 and a 200-day moving average price of $23.84.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. Williams Cos.’s payout ratio is -49.38%.
In related news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. 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 completion of the sale, the vice president now owns 13,803 shares of the company’s stock, valued at $362,052.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 8.87% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in WMB. FMR LLC boosted its stake in Williams Cos. by 41.7% in the second quarter. FMR LLC now owns 62,583,375 shares of the company’s stock worth $1,353,678,000 after buying an additional 18,424,792 shares during the last quarter. Senator Investment Group LP bought a new stake in shares of Williams Cos. during the second quarter worth $102,742,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Williams Cos. by 356.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 4,684,932 shares of the company’s stock worth $101,335,000 after buying an additional 3,658,600 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Williams Cos. by 25.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 14,509,285 shares of the company’s stock worth $313,836,000 after buying an additional 2,965,439 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Williams Cos. by 659.9% in the second quarter. Point72 Asset Management L.P. now owns 3,294,200 shares of the company’s stock worth $71,254,000 after buying an additional 2,860,700 shares in the last quarter. 83.73% of the stock is owned by hedge funds and other institutional investors.
About Williams Cos.
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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