Williams Cos. (WMB) Earns “Buy” Rating from Argus
Williams Cos. (NYSE:WMB)‘s stock had its “buy” rating reiterated by research analysts at Argus in a research report issued to clients and investors on Wednesday. They presently have a $36.00 target price on the stock, up from their prior target price of $31.00. Argus’ price target would suggest a potential upside of 18.50% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Jefferies Group reissued a “buy” rating and issued a $27.00 target price (down previously from $30.00) on shares of Williams Cos. in a report on Wednesday, June 8th. Vetr raised shares of Williams Cos. from a “sell” rating to a “hold” rating and set a $22.19 target price on the stock in a report on Monday, June 13th. TheStreet raised shares of Williams Cos. from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $25.00 price target on shares of Williams Cos. in a report on Wednesday, July 13th. Finally, Morgan Stanley began coverage on Williams Cos. in a report on Wednesday, July 13th. They set an “equal weight” rating and a $24.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $29.36.
Shares of Williams Cos. (NYSE:WMB) traded down 0.43% during trading on Wednesday, reaching $30.38. The company had a trading volume of 4,270,504 shares. The stock has a 50 day moving average of $29.58 and a 200 day moving average of $23.20. Williams Cos. has a 52-week low of $10.22 and a 52-week high of $44.14. The stock’s market capitalization is $22.80 billion.
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Williams Cos. (NYSE:WMB) last announced its earnings results on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing the 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 earned $0.15 EPS. Equities research analysts forecast that Williams Cos. will post $0.64 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, September 7th. Williams Cos.’s dividend payout ratio (DPR) is currently -49.38%.
In related news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction on Friday, August 12th. The shares were sold at an average price of $26.23, for a total value of $52,460.00. Following the completion of 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 can be accessed through the SEC website. Company 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 position in shares of 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 position in shares of Williams Cos. during the second quarter valued at approximately $201,000. Howard Hughes Medical Institute increased its position in shares of 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 position in shares of Williams Cos. during the second quarter valued at approximately $211,000. Finally, Winslow Evans & Crocker Inc. increased its position in shares of 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. 83.66% of the stock is owned by institutional investors and hedge funds.
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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