Williams Companies Inc (NYSE:WMB) – Investment analysts at US Capital Advisors increased their Q3 2018 earnings per share estimates for Williams Companies in a research note issued on Wednesday, according to Zacks Investment Research. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings per share of $0.24 for the quarter, up from their previous estimate of $0.20. US Capital Advisors also issued estimates for Williams Companies’ Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $0.94 EPS.
Other equities research analysts also recently issued research reports about the company. Scotiabank restated a “hold” rating and set a $36.00 price target on shares of Williams Companies in a report on Monday, January 29th. Barclays downgraded Williams Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $36.00 to $35.00 in a report on Wednesday, January 17th. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America began coverage on Williams Companies in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Williams Companies in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Williams Companies presently has an average rating of “Buy” and an average target price of $35.20.
Shares of Williams Companies (NYSE WMB) traded up $0.05 during midday trading on Friday, reaching $28.61. The company’s stock had a trading volume of 10,953,244 shares, compared to its average volume of 5,768,853. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. Williams Companies has a 12 month low of $26.82 and a 12 month high of $33.67. The stock has a market cap of $23,653.23, a P/E ratio of 50.19, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32.
In other news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan S. Armstrong bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $27.23 per share, with a total value of $163,380.00. Following the completion of the transaction, the chief executive officer now owns 345,527 shares in the company, valued at $9,408,700.21. The disclosure for this purchase can be found here. Corporate insiders own 0.53% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its position in shares of Williams Companies by 1.5% in the 2nd quarter. Nordea Investment Management AB now owns 40,300 shares of the pipeline company’s stock valued at $1,220,000 after purchasing an additional 584 shares during the period. Aspen Investment Management Inc boosted its position in shares of Williams Companies by 4.7% in the 2nd quarter. Aspen Investment Management Inc now owns 14,743 shares of the pipeline company’s stock valued at $446,000 after purchasing an additional 660 shares during the period. National Asset Management Inc. boosted its position in shares of Williams Companies by 7.7% in the 2nd quarter. National Asset Management Inc. now owns 10,182 shares of the pipeline company’s stock valued at $309,000 after purchasing an additional 726 shares during the period. D.A. Davidson & CO. boosted its position in shares of Williams Companies by 4.7% in the 2nd quarter. D.A. Davidson & CO. now owns 25,310 shares of the pipeline company’s stock valued at $766,000 after purchasing an additional 1,132 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Williams Companies by 4.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 31,560 shares of the pipeline company’s stock valued at $956,000 after purchasing an additional 1,240 shares during the period. 84.72% of the stock is owned by hedge funds and other institutional investors.
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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