Williams Companies, Inc. (The) (NYSE:WMB) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other research analysts have also weighed in on WMB. Scotiabank reaffirmed a “hold” rating and set a $30.00 price target on shares of Williams Companies, Inc. (The) in a research report on Thursday, April 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price target on shares of Williams Companies, Inc. (The) in a research report on Wednesday, May 3rd. Wells Fargo & Company raised Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. Sanford C. Bernstein started coverage on Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. They set an “outperform” rating on the stock. Finally, Barclays PLC reaffirmed a “hold” rating and set a $33.00 price target on shares of Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Williams Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $34.00.

Shares of Williams Companies, Inc. (NYSE WMB) traded down 1.19% during trading on Tuesday, reaching $30.65. The company’s stock had a trading volume of 2,522,154 shares. The company has a market cap of $25.33 billion, a PE ratio of 2043.33 and a beta of 1.38. Williams Companies, Inc. has a 52 week low of $24.62 and a 52 week high of $32.69. The stock’s 50 day moving average price is $30.32 and its 200 day moving average price is $29.57.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same period last year, the firm earned $0.19 EPS. Equities research analysts predict that Williams Companies, Inc. will post $1.05 EPS for the current year.

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In related news, VP Ted T. Timmermans sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total value of $30,730.00. Following the completion of the sale, the vice president now directly owns 13,094 shares in the company, valued at approximately $402,378.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robyn L. Ewing sold 81,561 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.14, for a total value of $2,539,809.54. Following the completion of the sale, the insider now owns 47,003 shares of the company’s stock, valued at $1,463,673.42. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 38,750 shares of company stock valued at $1,107,110 and sold 92,561 shares valued at $2,876,240. Insiders own 0.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WMB. RidgeWorth Capital Management LLC increased its position in Williams Companies, Inc. (The) by 5.1% in the first quarter. RidgeWorth Capital Management LLC now owns 2,027,950 shares of the pipeline company’s stock worth $60,007,000 after buying an additional 99,275 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in Williams Companies, Inc. (The) by 693.8% in the first quarter. Miller Howard Investments Inc. NY now owns 2,530,635 shares of the pipeline company’s stock worth $74,881,000 after buying an additional 2,211,840 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Williams Companies, Inc. (The) by 4.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,036,416 shares of the pipeline company’s stock worth $30,701,000 after buying an additional 39,520 shares in the last quarter. King Street Capital Management L.P. increased its position in Williams Companies, Inc. (The) by 33.3% in the first quarter. King Street Capital Management L.P. now owns 2,000,000 shares of the pipeline company’s stock worth $59,180,000 after buying an additional 500,000 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Williams Companies, Inc. (The) during the first quarter worth approximately $809,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

Analyst Recommendations for Williams Companies, Inc. (The) (NYSE:WMB)

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