BMO Capital Markets Analysts Give Williams Companies, Inc. (The) (WMB) a $32.00 Price Target

BMO Capital Markets set a $32.00 price target on Williams Companies, Inc. (The) (NYSE:WMB) in a research note published on Thursday. The brokerage currently has a buy rating on the pipeline company’s stock.

Other analysts have also recently issued research reports about the company. Citigroup Inc. upgraded Williams Companies, Inc. (The) from a neutral rating to a buy rating and upped their price target for the stock from $32.00 to $36.00 in a research report on Friday, April 7th. Royal Bank Of Canada restated a buy rating and issued a $34.00 price target on shares of Williams Companies, Inc. (The) in a research report on Tuesday, June 6th. Jefferies Group LLC restated a buy rating and issued a $34.00 price target on shares of Williams Companies, Inc. (The) in a research report on Friday, March 31st. Goldman Sachs Group, Inc. (The) upgraded Williams Companies, Inc. (The) from a buy rating to a conviction-buy rating in a research report on Wednesday, March 1st. Finally, Scotiabank restated a hold rating and issued a $30.00 price target on shares of Williams Companies, Inc. (The) in a research report on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Williams Companies, Inc. (The) has a consensus rating of Buy and an average price target of $32.39.

Analyst Recommendations for Williams Companies, Inc. (The) (NYSE:WMB)

Shares of Williams Companies, Inc. (WMB) opened at 28.87 on Thursday. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 1924.67 and a beta of 1.33. Williams Companies, Inc. has a one year low of $19.60 and a one year high of $32.69. The company has a 50-day moving average price of $29.72 and a 200 day moving average price of $29.58.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.06. Williams Companies, Inc. (The) had a net margin of 0.18% and a return on equity of 3.74%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $0.03 EPS. Equities research analysts expect that Williams Companies, Inc. will post $0.97 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, June 7th. Williams Companies, Inc. (The)’s dividend payout ratio is currently -3,998.67%.

In other Williams Companies, Inc. (The) news, Director Charles I. Cogut bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average price of $30.63 per share, for a total transaction of $30,630.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $30,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan S. Armstrong bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $28.60 per share, with a total value of $429,000.00. Following the transaction, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,882,072.20. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 21,000 shares of company stock valued at $607,980 and have sold 92,561 shares valued at $2,876,240. Company insiders own 0.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Aviva PLC boosted its stake in Williams Companies, Inc. (The) by 7.0% in the fourth quarter. Aviva PLC now owns 489,711 shares of the pipeline company’s stock valued at $15,259,000 after buying an additional 32,190 shares in the last quarter. Gabelli Funds LLC boosted its stake in Williams Companies, Inc. (The) by 0.7% in the fourth quarter. Gabelli Funds LLC now owns 245,700 shares of the pipeline company’s stock valued at $7,651,000 after buying an additional 1,700 shares in the last quarter. RidgeWorth Capital Management LLC boosted its stake in Williams Companies, Inc. (The) by 11.9% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,928,675 shares of the pipeline company’s stock valued at $60,059,000 after buying an additional 204,825 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Williams Companies, Inc. (The) by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 35,968 shares of the pipeline company’s stock valued at $1,120,000 after buying an additional 300 shares in the last quarter. Finally, LVW Advisors LLC boosted its stake in Williams Companies, Inc. (The) by 0.5% in the fourth quarter. LVW Advisors LLC now owns 41,259 shares of the pipeline company’s stock valued at $1,285,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.

Williams Companies, Inc. (The) Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WMB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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