Williams Cos. Expected to Post Q3 2016 Earnings of $0.11 Per Share (WMB)

Williams Cos. (NYSE:WMB) – Stock analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for Williams Cos. in a report issued on Thursday. Jefferies Group analyst C. Sighinolfi anticipates that the brokerage will post earnings of $0.11 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Williams Cos.’s FY2017 earnings at $1.02 EPS.

Williams Cos. (NYSE:WMB) last announced its earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the business posted $0.15 EPS.

Earnings History and Estimates for Williams Cos. (NYSE:WMB)

Other equities research analysts have also recently issued research reports about the company. Argus boosted their target price on Williams Cos. from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, August 22nd. Evercore Partners Inc. boosted their target price on Williams Cos. from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Tudor Pickering upgraded Williams Cos. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Goldman Sachs Group Inc. restated a “buy” rating and set a $25.00 target price on shares of Williams Cos. in a research note on Wednesday, July 13th. Finally, Vetr upgraded Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 target price for the company in a research note on Tuesday, June 21st. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $29.82.

Williams Cos. (NYSE:WMB) opened at 29.07 on Monday. Williams Cos. has a 12 month low of $10.22 and a 12 month high of $42.17. The stock’s 50 day moving average price is $29.89 and its 200-day moving average price is $23.84. The stock’s market cap is $21.82 billion.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s dividend payout ratio is presently -49.38%.

In related news, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the transaction, the vice president now owns 13,803 shares of the company’s stock, valued at $362,052.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.87% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Chubb Ltd. purchased a new stake in Williams Cos. during the first quarter valued at $5,625,000. Pictet Asset Management Ltd. raised its stake in Williams Cos. by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 369,782 shares of the company’s stock valued at $5,913,000 after buying an additional 7,800 shares during the period. Omni Partners LLP purchased a new stake in Williams Cos. during the first quarter valued at $2,449,000. UBS Asset Management Americas Inc. raised its stake in Williams Cos. by 4.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,759,903 shares of the company’s stock valued at $28,282,000 after buying an additional 67,745 shares during the period. Finally, State Street Corp raised its stake in Williams Cos. by 7.4% in the first quarter. State Street Corp now owns 35,986,326 shares of the company’s stock valued at $578,305,000 after buying an additional 2,493,583 shares during the period. 83.73% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:WMB

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