Analysts’ Weekly Ratings Changes for Williams Companies (WMB)

Williams Companies (NYSE: WMB) has recently received a number of price target changes and ratings updates:

  • 2/10/2018 – Williams Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Concerned with Williams Companies’ high debt burden and regulatory setbacks suffered by its Constitution Pipeline project, we are downgrading our investment thesis from ‘Hold’ to ‘Sell’. WMB’s high leverage of over 71% restricts the financial flexibility of the firm to tap on growth opportunities. Further, Constitution Pipeline has been denied water permit by both New York DEC and FERC due to environmental reasons, crushing WMB's hopes to make the project operational till 2019. This has diluted the near-term earnings outlook. As it is, weaker- than-expected earnings in the last three quarters are likely to dampen investors’ confidence. The termination of the Energy Transfer deal has also been a big blow to the firm. We also need to factor the WMB’s low ROE and extensive exposure to natural gas, which translates into uncertain near-term outlook for the company. Hence we view WMB as a risky bet.”
  • 2/3/2018 – Williams Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Concerned with Williams Companies’ high debt burden and regulatory setbacks suffered by its Constitution Pipeline project, we are downgrading our investment thesis from ‘Hold’ to ‘Sell’. WMB’s high leverage of over 71% restricts the financial flexibility of the firm to tap on growth opportunities. Further, Constitution Pipeline has been denied water permit by both New York DEC and FERC due to environmental reasons, crushing WMB's hopes to make the project operational till 2019. This has diluted the near-term earnings outlook. As it is, weaker- than-expected earnings in the last three quarters are likely to dampen investors’ confidence. The termination of the Energy Transfer deal has also been a big blow to the firm. We also need to factor the WMB’s low ROE and extensive exposure to natural gas, which translates into uncertain near-term outlook for the company. Hence we view WMB as a risky bet.”
  • 1/29/2018 – Williams Companies had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $36.00 price target on the stock.
  • 1/26/2018 – Williams Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Concerned with Williams Companies’ high debt burden and regulatory setbacks suffered by its Constitution Pipeline project, we are downgrading our investment thesis from ‘Hold’ to ‘Sell’. WMB’s high leverage of over 71% restricts the financial flexibility of the firm to tap on growth opportunities. Further, Constitution Pipeline has been denied water permit by both New York DEC and FERC due to environmental reasons,crushing  WMB's hopes to make the project operational till 2019. This has diluted the  near-term earnings outlook. As it is, weaker- than-expected earnings in the last three quarters are likely to dampen investors’ confidence. The termination of the Energy Transfer deal has also been a big blow to the firm. We also need to factor the WMB’s low ROE and extensive exposure to natural gas, which translates into uncertain near-term outlook for the company. Hence we view WMB as a risky bet.”
  • 1/17/2018 – Williams Companies was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $35.00 price target on the stock, down previously from $36.00.
  • 1/16/2018 – Williams Companies had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $38.00 price target on the stock.
  • 1/12/2018 – Williams Companies had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $37.00 price target on the stock.
  • 1/9/2018 – Williams Companies is now covered by analysts at Bank of America Corp. They set a “buy” rating on the stock.
  • 1/6/2018 – Williams Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Concerned with Williams Companies’ high debt levels and regulatory setbacks suffered by its Constitution Pipeline project, we are downgrading our investment thesis from ‘Hold’ to ‘Sell’. WMB’s high leverage of over 71% restricts the financial flexibility of the firm to tap on growth opportunities. Further, Constitution Pipeline—which has been denied water permit due to environmental reasons—is not likely to become operational till 2019, diluting the WMB’s near-term earnings outlook. As it is, weaker- than-expected earnings in the last three quarters is likely to dampen investors’ confidence. The termination of the Energy Transfer deal has also been a big blow to the firm. We also need to factor the WMB’s low ROE and extensive exposure to natural gas, which translates into uncertain near-term outlook for the company. As, such we view WMB as a risky bet for the time being.”
  • 1/4/2018 – Williams Companies is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $36.00 price target on the stock.

Shares of Williams Companies Inc (NYSE:WMB) opened at $28.61 on Monday. The firm has a market cap of $23,653.23, a P/E ratio of 50.19, a PEG ratio of 2.40 and a beta of 1.32. 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 Inc has a 1-year low of $26.82 and a 1-year high of $33.67.

In other Williams Companies news, CEO Alan S. Armstrong acquired 6,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,408,700.21. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James E. Scheel sold 26,915 shares of the business’s 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. Insiders own 0.53% of the company’s stock.

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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