Williams Companies Inc (NYSE:WMB) – Jefferies Group reduced their FY2019 earnings per share (EPS) estimates for shares of Williams Companies in a note issued to investors on Friday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings of $1.28 per share for the year, down from their previous forecast of $1.29. Jefferies Group currently has a “Buy” rating and a $37.00 target price on the stock.

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

A number of other equities analysts also recently commented on WMB. Wolfe Research started coverage on shares of Williams Companies in a research note on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a research note on Monday, October 16th. Morgan Stanley cut their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Credit Suisse Group began coverage on shares of Williams Companies in a research note on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Williams Companies has a consensus rating of “Buy” and an average price target of $34.33.

Williams Companies (WMB) traded up $0.11 during trading on Monday, hitting $33.21. 4,371,300 shares of the stock were exchanged, compared to its average volume of 5,654,933. Williams Companies has a one year low of $26.82 and a one year high of $33.38. 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 firm has a market cap of $27,460.00, a P/E ratio of 58.26, a price-to-earnings-growth ratio of 2.89 and a beta of 1.36.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Friday, December 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 3.61%. Williams Companies’s dividend payout ratio (DPR) is currently 210.53%.

In related news, CEO Alan S. Armstrong acquired 6,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the transaction, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,408,700.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the sale, the vice president now owns 9,594 shares of the company’s stock, valued at $275,827.50. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Walnut Private Equity Partners LLC lifted its position in Williams Companies by 7.2% during the fourth quarter. Walnut Private Equity Partners LLC now owns 186,500 shares of the pipeline company’s stock worth $5,418,000 after acquiring an additional 12,500 shares during the last quarter. Patriot Wealth Management Inc. lifted its position in Williams Companies by 161.2% during the fourth quarter. Patriot Wealth Management Inc. now owns 276,906 shares of the pipeline company’s stock worth $8,443,000 after acquiring an additional 170,874 shares during the last quarter. DnB Asset Management AS lifted its position in Williams Companies by 10.4% during the fourth quarter. DnB Asset Management AS now owns 101,600 shares of the pipeline company’s stock worth $3,098,000 after acquiring an additional 9,600 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Williams Companies by 2.8% during the third quarter. Parametric Portfolio Associates LLC now owns 2,138,690 shares of the pipeline company’s stock worth $64,182,000 after acquiring an additional 58,630 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Williams Companies by 333.2% during the third quarter. Chicago Partners Investment Group LLC now owns 27,273 shares of the pipeline company’s stock worth $818,000 after acquiring an additional 20,977 shares during the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.

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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.

Earnings History and Estimates for Williams Companies (NYSE:WMB)

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