Scotiabank Reiterates “Hold” Rating for Williams Companies (WMB)

Williams Companies (NYSE:WMB)‘s stock had its “hold” rating reissued by research analysts at Scotiabank in a note issued to investors on Monday. They presently have a $36.00 price objective on the pipeline company’s stock. Scotiabank’s price objective suggests a potential upside of 12.57% from the stock’s previous close.

Several other brokerages have also weighed in on WMB. Jefferies Group restated a “buy” rating and issued a $37.00 price objective on shares of Williams Companies in a report on Friday, January 12th. Royal Bank of Canada restated a “buy” rating and issued a $36.00 price objective on shares of Williams Companies in a report on Monday, October 16th. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley cut their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Finally, Credit Suisse Group started coverage on shares of Williams Companies in a report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Williams Companies presently has an average rating of “Buy” and a consensus target price of $34.91.

Shares of Williams Companies (NYSE:WMB) traded down $0.55 during midday trading on Monday, reaching $31.98. 4,873,721 shares of the company traded hands, compared to its average volume of 5,556,747. Williams Companies has a fifty-two week low of $26.82 and a fifty-two week high of $33.67. The firm has a market capitalization of $26,894.07, a price-to-earnings ratio of 56.12, a P/E/G ratio of 2.73 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ 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 during 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. equities research analysts anticipate that Williams Companies will post 0.64 earnings per share for the current fiscal year.

In related news, VP Ted T. Timmermans sold 1,500 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.75, for a total transaction of $43,125.00. Following the sale, the vice president now directly owns 9,594 shares in the company, valued at $275,827.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James E. Scheel sold 26,915 shares of the firm’s stock in a transaction 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. Company insiders own 0.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Duff & Phelps Investment Management Co. raised its holdings in shares of Williams Companies by 4.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock worth $34,870,000 after acquiring an additional 51,325 shares during the period. Magnetar Financial LLC bought a new position in Williams Companies in the third quarter valued at $2,848,000. Vaughan David Investments Inc. IL grew its position in Williams Companies by 32.2% in the third quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock valued at $24,091,000 after purchasing an additional 124,051 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in Williams Companies in the third quarter valued at $318,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Williams Companies by 5.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock valued at $12,979,000 after purchasing an additional 24,054 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

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Williams Companies Company Profile

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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