Shares of Williams Companies Inc (NYSE:WMB) have earned an average recommendation of “Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $29.43.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays reiterated a “buy” rating and set a $32.00 price target on shares of Williams Companies in a research note on Thursday, July 18th. JPMorgan Chase & Co. lowered their price objective on shares of Williams Companies from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Citigroup lowered their price objective on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, Argus downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.
Shares of NYSE WMB traded up $0.03 during trading hours on Monday, reaching $23.12. The stock had a trading volume of 7,711,813 shares, compared to its average volume of 7,424,997. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.58 and a beta of 1.55. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22. Williams Companies has a fifty-two week low of $20.36 and a fifty-two week high of $29.55. The firm has a 50-day moving average of $23.94 and a 200-day moving average of $26.33.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, equities analysts predict that Williams Companies will post 0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Thursday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 192.41%.
In related news, SVP Terrance Lane Wilson acquired 4,000 shares of Williams Companies stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the purchase, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen I. Chazen acquired 10,000 shares of Williams Companies stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $23.93 per share, with a total value of $239,300.00. Following the purchase, the director now directly owns 55,730 shares of the company’s stock, valued at $1,333,618.90. The disclosure for this purchase can be found here. Insiders purchased 44,000 shares of company stock valued at $1,028,200 in the last quarter. Company insiders own 0.26% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Penbrook Management LLC grew its holdings in shares of Williams Companies by 10.1% during the third quarter. Penbrook Management LLC now owns 22,670 shares of the pipeline company’s stock worth $545,000 after buying an additional 2,080 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Williams Companies by 10.8% during the third quarter. Pacer Advisors Inc. now owns 126,929 shares of the pipeline company’s stock worth $3,054,000 after buying an additional 12,362 shares in the last quarter. Wiley BROS. Aintree Capital LLC purchased a new stake in shares of Williams Companies during the third quarter worth about $426,000. Gradient Investments LLC grew its holdings in shares of Williams Companies by 2.3% during the third quarter. Gradient Investments LLC now owns 351,411 shares of the pipeline company’s stock worth $8,455,000 after buying an additional 7,992 shares in the last quarter. Finally, Viking Fund Management LLC grew its holdings in shares of Williams Companies by 37.7% during the third quarter. Viking Fund Management LLC now owns 323,000 shares of the pipeline company’s stock worth $7,771,000 after buying an additional 88,500 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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