Research analysts at Royal Bank Of Canada started coverage on shares of Williams Cos. (NYSE:WMB) in a note issued to investors on Monday. The firm set an “outperform” rating and a $39.00 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 27.24% from the stock’s previous close.
A number of other research firms have also recently commented on WMB. Evercore Partners Inc. increased their target price on Williams Cos. from $24.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. TheStreet raised Williams Cos. from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Jefferies Group increased their target price on Williams Cos. from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 25th. Citigroup Inc. reduced their target price on Williams Cos. from $55.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 2nd. Finally, Vetr raised Williams Cos. from a “buy” rating to a “strong-buy” rating and set a $22.78 target price on the stock in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Williams Cos. presently has an average rating of “Buy” and a consensus price target of $30.33.
Williams Cos. (NYSE:WMB) opened at 30.65 on Monday. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $22.51. Williams Cos. has a 52-week low of $10.22 and a 52-week high of $44.51. The company’s market capitalization is $23.01 billion.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Williams Cos. will post $0.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 annualized dividend and a yield of 2.61%. Williams Cos.’s dividend payout ratio (DPR) is presently -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $26.23, for a total value of $52,460.00. Following the completion of the sale, the vice president now directly owns 13,803 shares in the company, valued at $362,052.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.87% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Williams Cos. by 7.0% in the first quarter. Legal & General Group Plc now owns 3,515,133 shares of the company’s stock valued at $56,480,000 after buying an additional 230,979 shares during the period. State Street Corp increased its position in shares of Williams Cos. by 7.4% in the first quarter. State Street Corp now owns 35,986,326 shares of the company’s stock worth $578,305,000 after buying an additional 2,493,583 shares in the last quarter. BB&T Securities LLC increased its position in shares of Williams Cos. by 68.9% in the second quarter. BB&T Securities LLC now owns 88,007 shares of the company’s stock worth $1,903,000 after buying an additional 35,895 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of Williams Cos. by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 369,782 shares of the company’s stock worth $5,913,000 after buying an additional 7,800 shares in the last quarter. Finally, Coastland Capital LLC increased its position in shares of Williams Cos. by 111.0% in the first quarter. Coastland Capital LLC now owns 223,105 shares of the company’s stock worth $3,585,000 after buying an additional 117,359 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
About Williams Cos.
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
Receive News & Ratings for Williams Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Cos. and related companies with MarketBeat.com's FREE daily email newsletter.