Stock analysts at Credit Suisse Group assumed coverage on shares of Williams Companies (NYSE:WMB) in a report issued on Thursday, January 4th, Marketbeat.com reports. The firm set an “outperform” rating and a $36.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 8.76% from the stock’s previous close.
Several other equities analysts also recently weighed in on the stock. Morgan Stanley dropped their target price 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. Royal Bank of Canada restated a “buy” rating and set a $36.00 target price on shares of Williams Companies in a report on Monday, October 16th. Finally, Wolfe Research began coverage on shares of Williams Companies in a research note on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.08.
Shares of Williams Companies (WMB) traded up $0.35 during trading hours on Thursday, reaching $33.10. 5,733,053 shares of the company were exchanged, compared to its average volume of 5,740,000. The firm has a market cap of $27,370.00, a PE ratio of 58.07, a P/E/G ratio of 2.83 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97. Williams Companies has a 12-month low of $26.82 and a 12-month high of $33.12.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. analysts anticipate that Williams Companies will post 0.64 earnings per share for the current fiscal year.
In related news, CEO Alan S. Armstrong purchased 6,000 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ted T. Timmermans sold 1,500 shares of Williams Companies stock in a transaction 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 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. Company insiders own 0.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. bought a new stake in Williams Companies during the third quarter valued at $105,000. Bronfman E.L. Rothschild L.P. increased its stake in Williams Companies by 78.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 1,997 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Williams Companies during the third quarter valued at $172,000. Sun Life Financial INC increased its stake in Williams Companies by 46,384.6% during the second quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after purchasing an additional 6,030 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Williams Companies during the third quarter valued at $202,000. Hedge funds and other institutional investors 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.
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