Royal Bank of Canada Reaffirms Buy Rating for Williams Companies (WMB)
Williams Companies (NYSE:WMB)‘s stock had its “buy” rating reissued by analysts at Royal Bank of Canada in a research report issued on Tuesday. They currently have a $38.00 target price on the pipeline company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.42% from the stock’s current price.
Several other equities analysts have also recently weighed in on WMB. Jefferies Group restated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a report on Friday. Bank of America started coverage on Williams Companies in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Zacks Investment Research lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Credit Suisse Group started coverage on Williams Companies in a research note on Thursday, January 4th. They set an “outperform” rating and a $36.00 price target for the company. Finally, Morgan Stanley decreased their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Williams Companies presently has an average rating of “Buy” and an average target price of $34.50.
Shares of Williams Companies (WMB) traded up $0.11 during trading hours on Tuesday, hitting $33.21. The stock had a trading volume of 4,371,300 shares, compared to its average volume of 5,654,933. Williams Companies has a 1 year low of $26.82 and a 1 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 company has a market capitalization of $26,930.00, a P/E ratio of 58.26, a P/E/G ratio of 2.89 and a beta of 1.36.
In other Williams Companies news, VP Ted T. Timmermans sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the transaction, the vice president now owns 9,594 shares of the company’s stock, valued at $275,827.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James E. Scheel sold 26,915 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $33.00, for a total value of $888,195.00. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wsfs Capital Management LLC raised its position in shares of Williams Companies by 1.1% during the 2nd quarter. Wsfs Capital Management LLC now owns 12,664 shares of the pipeline company’s stock worth $383,000 after purchasing an additional 133 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Williams Companies by 1.5% during the 2nd quarter. Nordea Investment Management AB now owns 40,300 shares of the pipeline company’s stock valued at $1,220,000 after buying an additional 584 shares during the period. Aspen Investment Management Inc grew its stake in shares of Williams Companies by 4.7% during the 2nd quarter. Aspen Investment Management Inc now owns 14,743 shares of the pipeline company’s stock valued at $446,000 after buying an additional 660 shares during the period. National Asset Management Inc. grew its stake in shares of Williams Companies by 7.7% during the 2nd quarter. National Asset Management Inc. now owns 10,182 shares of the pipeline company’s stock valued at $309,000 after buying an additional 726 shares during the period. Finally, AXA grew its stake in shares of Williams Companies by 1.5% during the 2nd quarter. AXA now owns 75,219 shares of the pipeline company’s stock valued at $2,278,000 after buying an additional 1,100 shares during the period. 84.62% of the stock is currently owned by institutional investors.
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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.
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