Williams Companies Upgraded to “Buy” by ISI Group (WMB)
Williams Companies (NYSE:WMB) was upgraded by equities research analysts at ISI Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Williams Companies in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. They now have a $44.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Williams Companies from $42.00 to $51.00 in a research note on Friday, March 14th. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.67.
In other Williams Companies news, VP Rory Lee Miller unloaded 11,062 shares of the stock on the open market in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $43.03, for a total transaction of $475,997.86. Following the completion of the transaction, the vice president now directly owns 58,199 shares in the company, valued at approximately $2,504,303. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Williams Companies (NYSE:WMB) opened at 43.69 on Monday. Williams Companies has a 1-year low of $31.25 and a 1-year high of $44.50. The stock has a 50-day moving average of $41.49 and a 200-day moving average of $39.14. The company has a market cap of $29.950 billion and a P/E ratio of 73.79.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. On average, analysts predict that Williams Companies will post $1.10 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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