The Williams Companies, Inc. (NYSE: WMB – Get a rating) has been awarded an average “Buy” recommendation by the sixteen brokerages that currently cover the business, Marketbeat.com reports. Four research analysts rated the stock with a hold recommendation, eight gave the company a buy recommendation and two gave the company a strong buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $35.64.
Several stock analysts have recently weighed in on the stock. TD Securities raised its price target on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a Wednesday, May 4 research report. Zacks Investment Research moved shares of Williams Companies from a “hold” rating to a “strong-buy” rating and set a price target of $37.00 for the stock in a Tuesday, March 22 research report. Wells Fargo & Company lowered its price target on shares of Williams Companies from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday. StockNews.com began covering shares of Williams Companies in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Credit Suisse Group raised its price target on Williams Companies shares from $34.00 to $36.00 and gave the stock an “outperform” rating in a Wednesday, March 16 research report. .
In a similar vein, SVP Walter J. Bennett sold 24,219 shares of Williams Companies in a trade that took place on Wednesday, February 23. The shares were sold at an average price of $29.70, for a total value of $719,304.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, please Scott A. Hallam sold 15,607 shares of Williams Companies in a trade that took place on Wednesday, April 6. The shares were sold at an average price of $33.30, for a total transaction of $519,713.10. Following the completion of the transaction, the senior vice president now owns 164,054 shares of the company, valued at $5,462,998.20. Disclosure of this sale can be found here. Insiders sold a total of 304,200 shares of the company worth $9,437,992 in the past ninety days. 0.43% of the shares are currently held by insiders.
Several institutional investors and hedge funds have recently increased or reduced their stake in WMB. US Bancorp DE increased its position in shares of Williams Companies by 7.1% during the third quarter. US Bancorp DE now owns 176,681 shares of the pipeline company valued at $4,583,000 after buying an additional 11,770 shares last quarter. BOKF NA bought a new stock position in Williams Companies during Q3 worth $1,318,000. Nissay Asset Management Corp Japan ADV increased its position in shares of Williams Companies by 4.1% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 131,485 shares of the pipeline company valued at $3,411,000 after buying an additional 5,169 shares in the last quarter. American Century Companies Inc. increased its equity stake in Williams Companies by 87.4% during Q3. American Century Companies Inc. now owns 709,133 shares of the pipeline company worth $18,395,000 after acquiring 330,776 additional shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Williams Companies by 4.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 42,804 shares of the pipeline company worth $1,110,000 after acquiring 1,987 additional shares in the last quarter. Hedge funds and other institutional investors own 86.10% of the company’s shares.
Shares of WMB traded at $0.36 during Friday trading hours, hitting $35.38. The stock recorded a trading volume of 7,984,551 shares, compared to an average volume of 8,786,539 shares. The company has a debt ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.69. The company has a 50-day simple moving average of $34.20 and a 200-day simple moving average of $30.63. The company has a market capitalization of $43.09 billion, a P/E ratio of 29.48, a price-to-earnings growth ratio of 6.76 and a beta of 1.17. Williams Companies has a 1-year minimum of $23.53 and a 1-year maximum of $37.05.
Williams Companies (NYSE: WMB – Get a rating) last released its results on Monday, May 2. The pipeline company reported EPS of $0.41 for the quarter, beating the consensus estimate of $0.36 by $0.05. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. The company posted revenue of $2.52 billion in the quarter, versus a consensus estimate of $3.19 billion. During the same period last year, the company posted EPS of $0.35. Stock analysts predict that Williams Companies will post EPS of 1.48 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 27. Investors of record on Friday, June 10 will receive a dividend of $0.425. The ex-dividend date is Thursday, June 9. This represents a dividend of $1.70 on an annualized basis and a dividend yield of 4.80%. The Williams Companies dividend payout ratio (DPR) is currently 141.67%.
About the Williams Companies (Get a rating)
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through the Transmission & Gulf of Mexico, Northeast G&P, West and Gas & LGN Marketing Services segments. The Transmission and Gulf of Mexico segment includes the Transco and Northwest gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and commodity pipelines.
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