Williams Companies Inc (WMB) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Williams Companies Inc (NYSE:WMB) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.60.

WMB has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a report on Monday, October 16th. Wolfe Research initiated coverage on Williams Companies in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective for the company. BidaskClub upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Morgan Stanley reduced their target price on Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Williams Companies in a research note on Thursday, August 10th.

In related news, CEO Alan S. Armstrong purchased 6,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $27.23 per share, with a total value of $163,380.00. Following the transaction, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total value of $8,249,708.16. Following the sale, the insider now directly owns 60,032 shares in the company, valued at $1,820,170.24. The disclosure for this sale can be found here. Insiders have sold a total of 283,501 shares of company stock worth $8,590,124 over the last ninety days. 0.50% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Williams Companies during the 3rd quarter valued at about $105,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Williams Companies by 78.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after acquiring an additional 1,997 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Williams Companies during the 3rd quarter valued at about $172,000. Parallel Advisors LLC grew its position in shares of Williams Companies by 19.9% during the 2nd quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 925 shares during the period. Finally, Sun Life Financial INC grew its position in shares of Williams Companies by 46,384.6% during the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after acquiring an additional 6,030 shares during the period. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Shares of Williams Companies (NYSE WMB) traded up $0.73 on Thursday, hitting $29.05. The stock had a trading volume of 8,075,506 shares, compared to its average volume of 6,435,558. Williams Companies has a 12-month low of $26.82 and a 12-month high of $32.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97. The stock has a market cap of $23,446.54, a price-to-earnings ratio of 48.07, a PEG ratio of 3.03 and a beta of 1.38.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. research analysts forecast that Williams Companies will post 0.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.13%. The ex-dividend date is Thursday, December 7th. Williams Companies’s dividend payout ratio is currently 210.53%.

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About Williams Companies

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 (NYSE:WMB)

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