Traders Buy Williams Cos. (WMB) on Weakness
Traders bought shares of Williams Cos. (NYSE:WMB) on weakness during trading on Tuesday. $47.26 million flowed into the stock on the tick-up and $21.42 million flowed out of the stock on the tick-down, for a money net flow of $25.84 million into the stock. Of all companies tracked, Williams Cos. had the 18th highest net in-flow for the day. Williams Cos. traded down ($0.25) for the day and closed at $29.75
Several brokerages have recently issued reports on WMB. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $25.00 price target on shares of Williams Cos. in a research note on Wednesday, July 13th. Raymond James Financial Inc. raised Williams Cos. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Vetr downgraded Williams Cos. from a “buy” rating to a “hold” rating and set a $22.19 price objective for the company. in a report on Monday, May 30th. Jefferies Group reiterated a “buy” rating and issued a $27.00 price objective (down previously from $30.00) on shares of Williams Cos. in a report on Wednesday, June 8th. Finally, Citigroup Inc. dropped their price objective on Williams Cos. from $55.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.10.
The stock has a 50-day moving average price of $27.85 and a 200-day moving average price of $22.03. The stock’s market capitalization is $22.33 billion.
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Williams Cos. (NYSE:WMB) last released its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period last year, the company posted $0.15 EPS. Analysts anticipate that Williams Cos. will post $0.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, September 7th. Williams Cos.’s dividend payout ratio (DPR) is -49.38%.
In related news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the sale, the vice president now owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.87% of the company’s stock.
Several large investors have recently added to or reduced their stakes in WMB. Whittier Trust Co. increased its stake in Williams Cos. by 207.3% in the second quarter. Whittier Trust Co. now owns 4,916 shares of the company’s stock valued at $106,000 after buying an additional 3,316 shares during the period. National Asset Management Inc. purchased a new stake in Williams Cos. during the second quarter valued at $201,000. Howard Hughes Medical Institute increased its stake in Williams Cos. by 1,484.3% in the first quarter. Howard Hughes Medical Institute now owns 12,991 shares of the company’s stock valued at $209,000 after buying an additional 12,171 shares during the period. Wetherby Asset Management Inc. purchased a new stake in Williams Cos. during the second quarter valued at $211,000. Finally, Winslow Evans & Crocker Inc. increased its stake in Williams Cos. by 4.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,832 shares of the company’s stock valued at $213,000 after buying an additional 402 shares during the period. 83.85% of the stock is currently owned by institutional investors.
About Williams Cos.
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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