Williams Companies (WMB) Price Target Cut to $33.00 by Analysts at Morgan Stanley

Williams Companies (NYSE:WMB) had its price target decreased by Morgan Stanley from $34.00 to $33.00 in a research report sent to investors on Friday, November 17th. Morgan Stanley currently has an overweight rating on the pipeline company’s stock.

Several other equities research analysts also recently commented on WMB. Sanford C. Bernstein reiterated an outperform rating on shares of Williams Companies in a research note on Thursday, August 10th. BidaskClub downgraded shares of Williams Companies from a strong-buy rating to a buy rating in a research note on Tuesday, August 8th. Royal Bank Of Canada lifted their price objective on shares of Williams Companies from $34.00 to $36.00 and gave the stock an outperform rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Williams Companies from a buy rating to a hold rating in a report on Thursday, July 27th. Finally, Wolfe Research started coverage on shares of Williams Companies in a report on Monday, September 25th. They set an outperform rating and a $34.00 target price for the company. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $33.83.

Shares of Williams Companies (NYSE WMB) traded down $0.24 on Friday, reaching $29.05. 5,973,525 shares of the company’s stock traded hands, compared to its average volume of 6,431,872. Williams Companies has a 52 week low of $26.82 and a 52 week high of $32.69. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $24,020.00, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 3.13 and a beta of 1.37.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. research analysts anticipate that Williams Companies will post 0.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.20 dividend on an annualized basis and a yield of 4.13%. Williams Companies’s payout ratio is 210.53%.

In other Williams Companies news, insider Donald R. Chappel sold 272,088 shares of Williams Companies stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total value of $8,249,708.16. Following the completion of the transaction, the insider now owns 60,032 shares of the company’s stock, valued at $1,820,170.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ted T. Timmermans sold 1,500 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the sale, the vice president now directly owns 9,594 shares of the company’s stock, valued at approximately $275,827.50. The disclosure for this sale can be found here. Insiders sold 283,501 shares of company stock valued at $8,590,124 in the last ninety days. 0.50% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. increased its stake in shares of Williams Companies by 4.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock worth $34,870,000 after purchasing an additional 51,325 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Williams Companies by 19.5% during the second quarter. JPMorgan Chase & Co. now owns 12,100,909 shares of the pipeline company’s stock worth $366,414,000 after purchasing an additional 1,975,398 shares in the last quarter. Vaughan David Investments Inc. IL increased its stake in shares of Williams Companies by 32.2% during the third quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock worth $24,091,000 after purchasing an additional 124,051 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Williams Companies by 86.8% during the second quarter. Renaissance Technologies LLC now owns 986,200 shares of the pipeline company’s stock worth $29,862,000 after purchasing an additional 458,200 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Williams Companies by 53.6% during the second quarter. Federated Investors Inc. PA now owns 64,033 shares of the pipeline company’s stock worth $1,939,000 after purchasing an additional 22,333 shares in the last quarter. 84.84% of the stock is owned by institutional investors and hedge funds.

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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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