Williams Companies CFO Donald R. Chappel Unloads 80,785 Shares (WMB)
Williams Companies (NYSE:WMB) CFO Donald R. Chappel sold 80,785 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $47.52, for a total transaction of $3,838,903.20. Following the transaction, the chief financial officer now directly owns 386,736 shares of the company’s stock, valued at approximately $18,377,695. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Williams Companies (NYSE:WMB) traded up 0.06% during mid-day trading on Monday, hitting $47.76. The stock had a trading volume of 3,369,781 shares. Williams Companies has a one year low of $31.25 and a one 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 $32.740 billion and a P/E ratio of 80.08. Williams Companies also was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 16,094,081 shares, a growth of 29.5% from the April 30th total of 12,429,550 shares. Based on an average trading volume of 5,224,389 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.4% of the company’s stock are short sold.
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 company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders 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 a boost from Williams Companies’s previous quarterly dividend of $0.40.
WMB has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Williams Companies presently has a consensus rating of “Buy” and an average price target of $48.17.
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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