Williams Companies Inc (NYSE:WMB) has received an average rating of “Buy” from the nineteen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $29.51.
Several research analysts recently issued reports on the stock. Raymond James raised shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Wednesday, June 26th. They noted that the move was a valuation call. Scotiabank initiated coverage on shares of Williams Companies in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $28.00 price target on the stock. ValuEngine lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Citigroup dropped their price target on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, Scotia Howard Weill initiated coverage on shares of Williams Companies in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.60 price target on the stock.
Shares of NYSE WMB traded down $0.69 during midday trading on Thursday, reaching $24.27. The company had a trading volume of 190,010 shares, compared to its average volume of 7,484,946. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22. The business’s 50-day simple moving average is $24.08 and its 200 day simple moving average is $26.90. Williams Companies has a 1 year low of $20.36 and a 1 year high of $29.55. The stock has a market cap of $30.22 billion, a P/E ratio of 30.72, a P/E/G ratio of 3.87 and a beta of 1.56.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. Analysts predict that Williams Companies will post 0.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.52 annualized dividend and a dividend yield of 6.26%. Williams Companies’s dividend payout ratio (DPR) is 192.41%.
In other Williams Companies news, Director Stephen I. Chazen purchased 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $23.93 per share, with a total value of $239,300.00. Following the completion of the purchase, the director now owns 55,730 shares in the company, valued at approximately $1,333,618.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the purchase, the senior vice president now owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The disclosure for this purchase can be found here. In the last quarter, insiders bought 44,000 shares of company stock worth $1,028,200. Company insiders own 0.26% of the company’s stock.
Several large investors have recently bought and sold shares of WMB. Truvestments Capital LLC raised its stake in Williams Companies by 360.6% during the second quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 750 shares during the period. Trustcore Financial Services LLC purchased a new stake in shares of Williams Companies in the 1st quarter valued at approximately $29,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Williams Companies in the 2nd quarter valued at approximately $30,000. Ellevest Inc. raised its stake in shares of Williams Companies by 205.4% in the 2nd quarter. Ellevest Inc. now owns 1,197 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 805 shares during the period. Finally, CSat Investment Advisory L.P. raised its stake in shares of Williams Companies by 277.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,238 shares of the pipeline company’s stock valued at $35,000 after acquiring an additional 910 shares during the period. 88.73% of the stock is currently owned by hedge funds and other institutional investors.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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