Barclays lowered shares of Williams Companies (NYSE:WMB) from an overweight rating to an equal weight rating in a research report report published on Wednesday. They currently have $35.00 price objective on the pipeline company’s stock, down from their previous price objective of $36.00.
Several other analysts have also recently weighed in on WMB. 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. Bank of America assumed coverage on shares of Williams Companies in a research note on Tuesday, January 9th. They set a buy rating on the stock. 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. 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 on the stock. Finally, Wolfe Research assumed coverage on shares of Williams Companies in a research note on Monday, September 25th. They set an outperform rating and a $34.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Williams Companies has an average rating of Buy and a consensus target price of $34.42.
Shares of Williams Companies (NYSE WMB) traded down $0.24 during trading on Wednesday, reaching $32.28. 4,130,000 shares of the company’s stock traded hands, compared to its average volume of 5,450,000. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market capitalization of $26,690.00, a PE ratio of 56.63, a price-to-earnings-growth ratio of 2.84 and a beta of 1.36. Williams Companies has a 1 year low of $26.82 and a 1 year high of $33.43.
Williams Companies (NYSE:WMB) last issued 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). The firm had revenue of $1.89 billion for 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%. Williams Companies’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. equities analysts expect that Williams Companies will post 0.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. Williams Companies’s payout ratio is 210.53%.
In related news, CEO Alan S. Armstrong bought 6,000 shares of Williams Companies stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the transaction, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the transaction, the vice president now owns 9,594 shares in the company, valued at $275,827.50. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in WMB. Fuller & Thaler Asset Management Inc. acquired a new position in Williams Companies in the third quarter valued at approximately $105,000. Steward Partners Investment Advisory LLC acquired a new position in Williams Companies in the third quarter valued at approximately $172,000. Sun Life Financial INC lifted its holdings 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 valued at $183,000 after buying an additional 6,030 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Williams Companies by 44.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock valued at $197,000 after buying an additional 2,013 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Williams Companies in the third quarter valued at approximately $202,000. Institutional investors own 84.62% 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.
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