Williams Companies, Inc. (The) (NYSE:WMB) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company upgraded Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Scotiabank set a $30.00 price target on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a report on Saturday, July 22nd. BMO Capital Markets set a $32.00 price target on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research cut Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $34.00 price target on shares of Williams Companies, Inc. (The) in a report on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.00.

Shares of Williams Companies, Inc. (NYSE WMB) opened at 30.63 on Tuesday. The firm has a 50-day moving average price of $30.52 and a 200 day moving average price of $29.61. Williams Companies, Inc. has a one year low of $25.02 and a one year high of $32.69. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 2042.00 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last released its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities analysts forecast that Williams Companies, Inc. will post $1.05 earnings per share for the current fiscal year.

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In other news, Director Stephen W. Bergstrom bought 17,750 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average cost of $28.12 per share, with a total value of $499,130.00. Following the transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $499,130. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robyn L. Ewing sold 81,561 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $31.14, for a total value of $2,539,809.54. Following the completion of the transaction, the insider now directly owns 47,003 shares in the company, valued at $1,463,673.42. The disclosure for this sale can be found here. In the last three months, insiders have acquired 37,750 shares of company stock worth $1,076,480 and have sold 94,561 shares worth $2,937,560. Corporate insiders own 0.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of WMB. Sheaff Brock Investment Advisors LLC raised its position in shares of Williams Companies, Inc. (The) by 0.7% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,506 shares of the pipeline company’s stock valued at $258,000 after buying an additional 58 shares during the period. AGF Investments America Inc. increased its stake in shares of Williams Companies, Inc. (The) by 3.6% in the second quarter. AGF Investments America Inc. now owns 36,569 shares of the pipeline company’s stock valued at $1,107,000 after buying an additional 1,280 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of Williams Companies, Inc. (The) by 2.7% in the second quarter. Calamos Advisors LLC now owns 91,062 shares of the pipeline company’s stock valued at $2,757,000 after buying an additional 2,413 shares in the last quarter. Capital Advisors Inc. OK increased its stake in shares of Williams Companies, Inc. (The) by 3.8% in the second quarter. Capital Advisors Inc. OK now owns 495,279 shares of the pipeline company’s stock valued at $14,997,000 after buying an additional 18,074 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Williams Companies, Inc. (The) by 19.5% in the second quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock valued at $366,414,000 after buying an additional 1,975,398 shares in the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies, Inc. (The) Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

Analyst Recommendations for Williams Companies, Inc. (The) (NYSE:WMB)

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