Williams Companies SVP Sells $234,000 in Stock (WMB)
Williams Companies (NYSE:WMB) SVP Allison Bridges sold 6,000 shares of Williams Companies stock on the open market in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $39.00, for a total transaction of $234,000.00. Following the sale, the senior vice president now directly owns 55,509 shares of the company’s stock, valued at approximately $2,164,851. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 52-week low of $31.25 and a 52-week high of $39.04. The stock has a 50-day moving average of $36.42 and a 200-day moving average of $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 recipient of unusually large options trading activity on Monday. Stock investors bought 29,179 call options on the company. This represents an increase of approximately 126% compared to the average volume of 12,935 call options.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. During the same quarter last year, the company posted $0.25 earnings per share. Analysts expect that Williams Companies will post $0.82 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Williams Companies presently has a consensus rating of “Buy” and an average price target of $41.56.
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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