Insider Selling: Williams Companies VP Unloads 12,770 Shares of Stock (WMB)
Williams Companies (NYSE:WMB) VP Ted Timmermans sold 12,770 shares of Williams Companies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $39.01, for a total transaction of $498,157.70. Following the completion of the sale, the vice president now directly owns 1,423 shares in the company, valued at approximately $55,511. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WMB shares. Analysts at Credit Suisse initiated coverage on shares of Williams Companies in a research note to investors on Tuesday. They set an “outperform” rating and a $48.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note to investors on Tuesday, December 24th. They now have a $39.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Williams Companies in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $41.56.
Shares of Williams Companies (NYSE:WMB) traded up 0.38% on Wednesday, hitting $39.16. 10,443,500 shares of the company’s stock traded hands. Williams Companies has a one year low of $31.25 and a one year high of $39.04. The stock’s 50-day moving average is $36.42 and its 200-day moving average is $35.47. The company has a market cap of $26.763 billion and a P/E ratio of 45.10. Williams Companies also was the target of some unusual options trading on Monday. Traders bought 29,179 call options on the company. This is an increase of approximately 126% compared to the average volume of 12,935 call options.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, October 30th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.05. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts predict that Williams Companies will post $0.82 earnings per share for the current fiscal year.
The Williams Companies, Inc (NYSE:WMB) is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.
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