Traders Buy Williams Companies (WMB) on Weakness

Investors bought shares of Williams Companies Inc (NYSE:WMB) on weakness during trading hours on Friday. $66.54 million flowed into the stock on the tick-up and $26.21 million flowed out of the stock on the tick-down, for a money net flow of $40.33 million into the stock. Of all stocks tracked, Williams Companies had the 13th highest net in-flow for the day. Williams Companies traded down ($0.06) for the day and closed at $27.11

Several brokerages recently weighed in on WMB. US Capital Advisors upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Bank of America cut their price target on shares of Williams Companies from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. JPMorgan Chase & Co. upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a report on Friday, March 9th. Zacks Investment Research upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Deutsche Bank began coverage on shares of Williams Companies in a report on Thursday, April 19th. They issued a “buy” rating and a $29.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.31.

The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $22.49 billion, a P/E ratio of 43.03 and a beta of 1.41.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Williams Companies had a return on equity of 3.61% and a net margin of 24.02%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the company posted $0.14 EPS. analysts forecast that Williams Companies Inc will post 0.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 25th. Shareholders of record on Friday, June 8th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $1.36 annualized dividend and a yield of 5.02%. Williams Companies’s dividend payout ratio is presently 215.87%.

In other Williams Companies news, Director Stephen I. Chazen bought 4,000 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were purchased at an average price of $26.71 per share, for a total transaction of $106,840.00. Following the transaction, the director now directly owns 29,610 shares of the company’s stock, valued at approximately $790,883.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ted T. Timmermans sold 12,392 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $28.08, for a total value of $347,967.36. Following the transaction, the vice president now owns 27,347 shares in the company, valued at approximately $767,903.76. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Large investors have recently made changes to their positions in the company. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Williams Companies during the fourth quarter worth approximately $112,000. Botty Investors LLC raised its holdings in Williams Companies by 218.7% during the first quarter. Botty Investors LLC now owns 5,409 shares of the pipeline company’s stock valued at $134,000 after buying an additional 3,712 shares in the last quarter. KHP Capital LLC bought a new position in Williams Companies during the first quarter valued at about $152,000. Point72 Asia Hong Kong Ltd raised its holdings in Williams Companies by 15,102.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 6,233 shares of the pipeline company’s stock valued at $155,000 after buying an additional 6,192 shares in the last quarter. Finally, Redwood Investment Management LLC bought a new position in Williams Companies during the first quarter valued at about $203,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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