Williams Companies, Inc. (The) (WMB) Rating Reiterated by Royal Bank Of Canada

Williams Companies, Inc. (The) (NYSE:WMB)‘s stock had its “buy” rating reiterated by Royal Bank Of Canada in a report released on Monday, October 16th. They currently have a $36.00 price objective on the pipeline company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 26.72% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, July 24th. BidaskClub lowered Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Scotiabank set a $30.00 target price on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a report on Saturday, July 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. Finally, Wolfe Research assumed coverage on Williams Companies, Inc. (The) in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.00.

Williams Companies, Inc. (WMB) opened at 28.41 on Monday. Williams Companies, Inc. has a 1-year low of $27.35 and a 1-year high of $32.69. The stock’s 50 day moving average price is $29.97 and its 200 day moving average price is $30.07. The firm has a market cap of $23.49 billion, a P/E ratio of 44.81 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last released its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same period last year, the business posted $0.19 earnings per share. Equities research analysts predict that Williams Companies, Inc. will post $0.84 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/27/williams-companies-inc-the-wmb-rating-reiterated-by-royal-bank-of-canada.html.

In other Williams Companies, Inc. (The) news, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the completion of the sale, the insider now directly owns 60,032 shares in the company, valued at approximately $1,820,170.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total value of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at $340,142.04. The disclosure for this sale can be found here. Insiders sold 284,001 shares of company stock valued at $8,608,319 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. lifted its position in Williams Companies, Inc. (The) by 78.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after acquiring an additional 1,997 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Williams Companies, Inc. (The) by 124.1% in the 1st quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock worth $143,000 after purchasing an additional 2,573 shares during the period. CWM LLC grew its stake in Williams Companies, Inc. (The) by 300.7% in the 2nd quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after buying an additional 3,672 shares in the last quarter. SeaBridge Investment Advisors LLC grew its stake in Williams Companies, Inc. (The) by 41.6% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 5,210 shares of the pipeline company’s stock valued at $158,000 after buying an additional 1,530 shares in the last quarter. Finally, Sun Life Financial INC grew its stake in Williams Companies, Inc. (The) by 46,384.6% in the 2nd 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 in the last quarter. 84.60% of the stock is currently owned by institutional investors and hedge funds.

About Williams Companies, Inc. (The)

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, Inc. (The) (NYSE:WMB)

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply