Williams Companies Inc (WMB) Given Consensus Rating of “Buy” by Analysts

Williams Companies Inc (NYSE:WMB) has earned a consensus rating of “Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $34.30.

A number of analysts have commented on the stock. Jefferies Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Williams Companies in a research note on Friday, January 12th. Barclays lowered shares of Williams Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $36.00 to $35.00 in a research note on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of Williams Companies in a research note on Tuesday. Bank of America assumed coverage on shares of Williams Companies in a research note on Tuesday, January 9th. They set a “buy” rating for the company. Finally, Credit Suisse Group assumed coverage on shares of Williams Companies in a research note on Thursday, January 4th. They set an “outperform” rating and a $36.00 price objective for the company.

Williams Companies (NYSE WMB) traded up $0.02 during mid-day trading on Friday, reaching $32.30. 4,340,000 shares of the company’s stock were exchanged, compared to its average volume of 5,390,000. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. Williams Companies has a 52 week low of $26.82 and a 52 week high of $33.43. The stock has a market capitalization of $26,700.00, a price-to-earnings ratio of 56.67, a PEG ratio of 2.83 and a beta of 1.36.

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 analysts’ consensus estimates of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company posted $0.20 earnings per share. Williams Companies’s quarterly revenue was down .7% compared to the same quarter last year. analysts forecast that Williams Companies will post 0.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, December 7th. Williams Companies’s dividend payout ratio (DPR) is 210.53%.

In other news, VP Ted T. Timmermans sold 1,500 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.75, for a total value of $43,125.00. Following the completion of the sale, the vice president now directly owns 9,594 shares of the company’s stock, valued at $275,827.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Scheel sold 26,915 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB raised its position in Williams Companies by 1.5% during the second quarter. Nordea Investment Management AB now owns 40,300 shares of the pipeline company’s stock valued at $1,220,000 after acquiring an additional 584 shares in the last quarter. Aspen Investment Management Inc raised its position in Williams Companies by 4.7% during the second quarter. Aspen Investment Management Inc now owns 14,743 shares of the pipeline company’s stock valued at $446,000 after acquiring an additional 660 shares in the last quarter. National Asset Management Inc. raised its position in Williams Companies by 7.7% during the second quarter. National Asset Management Inc. now owns 10,182 shares of the pipeline company’s stock valued at $309,000 after acquiring an additional 726 shares in the last quarter. D.A. Davidson & CO. raised its position in Williams Companies by 4.7% during the second quarter. D.A. Davidson & CO. now owns 25,310 shares of the pipeline company’s stock valued at $766,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Williams Companies by 4.1% during the second quarter. Thrivent Financial For Lutherans now owns 31,560 shares of the pipeline company’s stock valued at $956,000 after acquiring an additional 1,240 shares in the last quarter. 84.62% of the stock is owned by institutional investors and hedge funds.

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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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