Williams Companies Inc (NYSE:WMB) Director Kathleen B. Cooper sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the sale, the director now owns 45,465 shares of the company’s stock, valued at approximately $1,287,114.15. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Williams Companies Inc (WMB) opened at $28.36 on Wednesday. The stock has a market cap of $23,504.37, a PE ratio of 45.82, a PEG ratio of 2.65 and a beta of 1.32. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.78. Williams Companies Inc has a one year low of $26.82 and a one year high of $33.67.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. During the same quarter last year, the firm earned ($0.02) EPS. sell-side analysts expect that Williams Companies Inc will post 0.83 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in WMB. BlackRock Inc. boosted its stake in Williams Companies by 12.4% during the 4th quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock worth $2,360,797,000 after acquiring an additional 8,532,633 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Williams Companies by 105.9% during the 4th quarter. Mackenzie Financial Corp now owns 4,130,727 shares of the pipeline company’s stock worth $125,946,000 after acquiring an additional 2,124,502 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Williams Companies by 47.9% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 4,464,764 shares of the pipeline company’s stock worth $136,116,000 after acquiring an additional 1,445,904 shares during the last quarter. CI Investments Inc. boosted its stake in Williams Companies by 22.1% during the 3rd quarter. CI Investments Inc. now owns 7,195,800 shares of the pipeline company’s stock worth $215,946,000 after acquiring an additional 1,304,200 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Williams Companies by 11.3% during the 4th quarter. Clearbridge Investments LLC now owns 10,568,640 shares of the pipeline company’s stock worth $322,238,000 after acquiring an additional 1,075,388 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on WMB shares. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of Williams Companies in a research note on Tuesday, January 16th. Jefferies Group reaffirmed a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a research note on Friday, January 12th. Credit Suisse Group began coverage on shares of Williams Companies in a research note on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Barclays lowered shares of Williams Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $36.00 to $35.00 in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.20.
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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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