Williams Companies Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:WMB)
Williams Companies (NYSE:WMB) has received a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, AnalystRatingsNetwork.com reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $63.70.
A number of analysts have recently weighed in on WMB shares. Analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note on Tuesday, August 12th. They now have a $60.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Williams Companies from a “focus list” rating to a “focus list” rating in a research note on Tuesday, July 8th. Finally, analysts at Howard Weil raised their price target on shares of Williams Companies from $43.00 to $68.00 in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock.
Shares of Williams Companies (NYSE:WMB) traded down 0.12% during mid-day trading on Wednesday, hitting $59.22. 963,380 shares of the company’s stock traded hands. Williams Companies has a 52-week low of $33.98 and a 52-week high of $59.77. The stock has a 50-day moving average of $57.62 and a 200-day moving average of $48.91. The company has a market cap of $44.256 billion and a price-to-earnings ratio of 111.03. Williams Companies also saw a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 19,459,823 shares, an increase of 19.7% from the July 31st total of 16,254,942 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 5,730,854 shares, the short-interest ratio is currently 3.4 days.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.01. During the same quarter last year, the company posted $0.21 earnings per share. Analysts expect that Williams Companies will post $1.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Wednesday, September 10th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.43.
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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