Short Interest in Williams Companies Rises By 29.5% (WMB)
Shares of Williams Companies (NYSE:WMB) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 16,094,081 shares, an increase of 29.5% from the April 30th total of 12,429,550 shares, American Banking and Market News reports. Based on an average trading volume of 5,224,389 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.4% of the shares of the company are sold short.
In other Williams Companies news, SVP Robyn L. Ewing sold 3,700 shares of Williams Companies stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $46.95, for a total value of $173,715.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WMB. Analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note on Wednesday, May 21st. They now have a $49.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Williams Companies from $51.00 to $58.00 in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Williams Companies in a research note on Thursday, May 15th. They now have a $50.00 price target on the stock, up previously from $48.00. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.17.
Shares of Williams Companies (NYSE:WMB) opened at 47.73 on Monday. Williams Companies has a 1-year low of $31.25 and a 1-year high of $47.95. The stock has a 50-day moving average of $44.62 and a 200-day moving average of $40.60. The company has a market cap of $32.720 billion and a price-to-earnings ratio of 79.50.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. Analysts expect that Williams Companies will post $1.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, June 11th. This is an increase from Williams Companies’s previous quarterly dividend of $0.40.
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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