Shares of Williams Companies Inc (NYSE:WMB) have been given an average recommendation of “Buy” by the sixteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.30.
WMB has been the topic of several analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 price target on shares of Williams Companies in a report on Tuesday. Jefferies Group reiterated a “buy” rating and set a $37.00 price target on shares of Williams Companies in a report on Friday, January 12th. Bank of America started coverage on shares of Williams Companies in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Barclays downgraded shares of Williams Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $36.00 to $35.00 in a research note on Wednesday. Finally, Wolfe Research started coverage on shares of Williams Companies in a research note on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective on the stock.
Shares of Williams Companies (NYSE WMB) traded up $0.02 during mid-day trading on Friday, reaching $32.30. The company’s stock had a trading volume of 4,340,000 shares, compared to its average volume of 5,390,000. Williams Companies has a one year low of $26.82 and a one year high of $33.43. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a market capitalization of $26,700.00, a P/E ratio of 56.67, a PEG ratio of 2.83 and a beta of 1.36.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 3.72%. Williams Companies’s payout ratio is 210.53%.
In other news, CEO Alan S. Armstrong bought 6,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $27.23 per share, with a total value of $163,380.00. Following the completion of the transaction, the chief executive officer now directly owns 345,527 shares in the company, valued at $9,408,700.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $28.75, for a total value of $43,125.00. Following the completion of the transaction, the vice president now directly owns 9,594 shares of the company’s stock, valued at $275,827.50. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
A number of hedge funds have recently modified their holdings of WMB. Capital International Investors lifted its position in Williams Companies by 1,660.2% in the second quarter. Capital International Investors now owns 7,384,300 shares of the pipeline company’s stock worth $223,597,000 after purchasing an additional 6,964,791 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Williams Companies by 4,652.7% during the second quarter. Janus Henderson Group PLC now owns 4,822,264 shares of the pipeline company’s stock valued at $146,019,000 after acquiring an additional 4,720,801 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Williams Companies by 4.4% during the second quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock valued at $1,939,819,000 after acquiring an additional 2,671,905 shares during the period. Royal Bank of Canada lifted its holdings in shares of Williams Companies by 405.2% during the second quarter. Royal Bank of Canada now owns 2,103,852 shares of the pipeline company’s stock valued at $63,703,000 after acquiring an additional 1,687,395 shares during the period. Finally, King Street Capital Management L.P. lifted its holdings in shares of Williams Companies by 81.5% during the second quarter. King Street Capital Management L.P. now owns 3,630,000 shares of the pipeline company’s stock valued at $109,916,000 after acquiring an additional 1,630,000 shares during the period. 84.62% of the stock is owned by hedge funds and other institutional investors.
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About Williams Companies
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.
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