Williams Cos. (NYSE:WMB)‘s stock had its “buy” rating restated by investment analysts at Argus in a research note issued on Wednesday. They currently have a $36.00 target price on the stock, up from their prior target price of $31.00. Argus’ target price points to a potential upside of 19.17% from the stock’s current price.
WMB has been the subject of several other reports. Vetr upgraded Williams Cos. from a “sell” rating to a “hold” rating and set a $22.19 target price for the company in a research report on Monday, June 13th. Citigroup Inc. assumed coverage on Williams Cos. in a research report on Friday, July 22nd. They issued a “neutral” rating and a $26.00 target price for the company. Tudor Pickering upgraded Williams Cos. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Jefferies Group reissued a “buy” rating and issued a $27.00 price target (down previously from $30.00) on shares of Williams Cos. in a research note on Wednesday, June 8th. Finally, Zacks Investment Research cut Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.36.
Williams Cos. (NYSE:WMB) traded up 1.06% during trading on Wednesday, hitting $30.53. The stock had a trading volume of 616,027 shares. Williams Cos. has a one year low of $10.22 and a one year high of $44.51. The firm’s market capitalization is $22.92 billion. The stock has a 50 day moving average of $29.27 and a 200 day moving average of $22.99.
Williams Cos. (NYSE:WMB) last posted its earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the 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 company earned $0.15 earnings per share. Equities research analysts expect that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The company also recently declared 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 of this dividend was Wednesday, September 7th. This represents a $0.80 annualized dividend and a yield of 2.65%. Williams Cos.’s payout ratio is currently -49.38%.
In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $26.23, for a total value of $52,460.00. Following the transaction, the vice president now owns 13,803 shares in the company, valued at $362,052.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.87% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in Williams Cos. by 14.3% in the second quarter. Macquarie Group Ltd. now owns 3,056,353 shares of the company’s stock worth $66,109,000 after buying an additional 382,356 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Williams Cos. during the second quarter worth $597,000. Kentucky Retirement Systems bought a new position in Williams Cos. during the second quarter worth $1,256,000. Mason Street Advisors LLC bought a new position in Williams Cos. during the second quarter worth $1,967,000. Finally, Cowen Group Inc. bought a new position in Williams Cos. during the second quarter worth $3,113,000. Institutional investors own 83.66% of the company’s stock.
Williams Cos. Company Profile
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.
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