Brokerages Set Williams Cos. (WMB) PT at $30.91
Shares of Williams Cos. (NYSE:WMB) have received a consensus recommendation of “Buy” from the eighteen brokerages that are covering the firm. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $30.91.
Several analysts recently weighed in on the stock. Raymond James Financial Inc. upgraded shares of Williams Cos. from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 3rd. Jefferies Group lifted their price target on shares of Williams Cos. from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 25th. Zacks Investment Research cut shares of Williams Cos. from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Citigroup Inc. cut their price target on shares of Williams Cos. from $55.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, August 2nd. Finally, Morgan Stanley set a $24.00 price target on shares of Williams Cos. and gave the company a “hold” rating in a report on Wednesday, August 10th.
In other news, insider Rory Lee Miller sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total transaction of $1,176,000.00. Following the completion of the sale, the insider now owns 109,780 shares of the company’s stock, valued at approximately $3,227,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen I. Chazen purchased 5,000 shares of Williams Cos. stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average cost of $28.23 per share, with a total value of $141,150.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $141,150. The disclosure for this purchase can be found here. Insiders own 0.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in WMB. Exxonmobil Investment Management Inc. TX raised its stake in Williams Cos. by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 176,800 shares of the company’s stock valued at $3,824,000 after buying an additional 10,613 shares during the last quarter. British Columbia Investment Management Corp raised its stake in Williams Cos. by 11.1% in the second quarter. British Columbia Investment Management Corp now owns 472,387 shares of the company’s stock valued at $10,218,000 after buying an additional 47,160 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Williams Cos. by 41.8% in the first quarter. First Republic Investment Management Inc. now owns 57,510 shares of the company’s stock valued at $926,000 after buying an additional 16,947 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Williams Cos. by 16.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,792 shares of the company’s stock valued at $575,000 after buying an additional 5,056 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Williams Cos. during the first quarter valued at approximately $2,341,000. 86.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Williams Cos. (NYSE:WMB) opened at 30.15 on Monday. The stock has a 50 day moving average of $29.82 and a 200 day moving average of $25.76. The stock’s market cap is $22.64 billion. Williams Cos. has a one year low of $10.22 and a one year high of $37.59.
Williams Cos. (NYSE:WMB) last issued its earnings results on Monday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. Williams Cos. had a negative net margin of 15.19% and a positive return on equity of 2.16%. During the same period in the previous year, the business earned $0.22 EPS. On average, analysts forecast that Williams Cos. will post $0.62 EPS for the current year.
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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