Williams Companies (WMB) Earns Outperform Rating from Analysts at Credit Suisse Group

Equities research analysts at Credit Suisse Group started coverage on shares of Williams Companies (NYSE:WMB) in a report released on Thursday, January 4th, Marketbeat reports. The firm set an “outperform” rating and a $36.00 price target on the pipeline company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 8.50% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on WMB. Wolfe Research started coverage on shares of Williams Companies in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and issued a $36.00 price objective on shares of Williams Companies in a report on Monday, October 16th. Finally, Morgan Stanley decreased their price objective on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $34.08.

Williams Companies (NYSE:WMB) traded up $0.08 during midday trading on Thursday, hitting $33.18. 2,542,611 shares of the stock were exchanged, compared to its average volume of 5,815,387. The firm has a market capitalization of $27,360.00, a P/E ratio of 58.21, a PEG ratio of 2.83 and a beta of 1.36. Williams Companies has a 1-year low of $26.82 and a 1-year high of $33.12. 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 issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.79 billion. Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. analysts anticipate that Williams Companies will post 0.64 EPS for the current fiscal year.

In related news, CEO Alan S. Armstrong bought 6,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the purchase, the chief executive officer now owns 345,527 shares in the company, valued at $9,408,700.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $28.75, for a total transaction of $43,125.00. Following the completion of the sale, the vice president now owns 9,594 shares of the company’s stock, valued at approximately $275,827.50. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WMB. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Williams Companies in the third quarter valued at about $105,000. Bronfman E.L. Rothschild L.P. raised its position in Williams Companies by 78.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock worth $137,000 after purchasing an additional 1,997 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Williams Companies in the third quarter worth about $172,000. Sun Life Financial INC raised its position in Williams Companies by 46,384.6% in the second quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock worth $183,000 after purchasing an additional 6,030 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Williams Companies in the third quarter worth about $202,000. Institutional investors and hedge funds own 84.75% of the company’s stock.

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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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