Research Analysts Offer Predictions for Williams Cos.’s Q3 2016 Earnings (WMB)
Williams Cos. (NYSE:WMB) – Stock analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for shares of Williams Cos. in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Sighinolfi forecasts that the brokerage will post earnings of $0.11 per share for the quarter. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Williams Cos.’s FY2017 earnings at $1.02 EPS.
Several other research analysts have also recently issued reports on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a $25.00 target price on shares of Williams Cos. in a report on Wednesday, July 13th. Vetr upgraded shares of Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 target price for the company in a report on Tuesday, June 21st. Argus upped their target price on shares of Williams Cos. from $31.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 22nd. Stephens initiated coverage on shares of Williams Cos. in a report on Thursday, September 29th. They issued an “equal weight” rating and a $32.00 target price for the company. Finally, Citigroup Inc. initiated coverage on shares of Williams Cos. in a report on Friday, July 22nd. They issued a “neutral” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Cos. currently has an average rating of “Buy” and a consensus target price of $29.82.
Williams Cos. (NYSE:WMB) opened at 29.13 on Monday. The firm has a 50-day moving average of $29.85 and a 200-day moving average of $23.63. Williams Cos. has a 12-month low of $10.22 and a 12-month high of $42.48. The stock’s market cap is $21.87 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/research-analysts-offer-predictions-for-williams-cos-s-q3-2016-earnings-wmb.html
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 analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.15 earnings per share.
Several institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. increased its position 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. acquired a new position in Williams Cos. during the second quarter valued at $201,000. Wetherby Asset Management Inc. acquired a new position in Williams Cos. during the second quarter valued at $211,000. Advisor Consultant Network Inc. acquired a new position in Williams Cos. during the third quarter valued at $212,000. Finally, Winslow Evans & Crocker Inc. increased its position 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. Institutional investors and hedge funds own 83.66% of the company’s stock.
In other news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction dated 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 transaction, the vice president now owns 13,803 shares in the company, valued at approximately $362,052.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.87% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Friday, September 9th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. Williams Cos.’s dividend payout ratio is presently -49.38%.
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.
Receive News & Ratings for Williams Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Cos. and related companies with MarketBeat.com's FREE daily email newsletter.