JPMorgan Chase & Co. upgraded shares of Williams Companies (NYSE:WMB) from a neutral rating to an overweight rating in a research report report published on Friday morning, MarketBeat Ratings reports.
WMB has been the subject of several other research reports. Zacks Investment Research cut shares of Williams Companies from a hold rating to a sell rating in a report on Saturday, February 10th. Jefferies Group reiterated a buy rating and issued a $37.00 price target on shares of Williams Companies in a report on Friday, January 12th. Scotiabank reiterated a hold rating and issued a $36.00 price target on shares of Williams Companies in a report on Monday, January 29th. UBS Group reiterated a buy rating and issued a $36.00 price target (down previously from $37.00) on shares of Williams Companies in a report on Friday, March 2nd. Finally, Royal Bank of Canada reiterated a buy rating and issued a $38.00 price target on shares of Williams Companies in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Williams Companies has a consensus rating of Buy and an average target price of $35.27.
Shares of Williams Companies (WMB) opened at $28.00 on Friday. Williams Companies has a 12 month low of $26.65 and a 12 month high of $33.67. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. The company has a market cap of $23,150.00, a P/E ratio of 96.55 and a beta of 1.38.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a dividend of $0.34 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.36 annualized dividend and a yield of 4.86%. Williams Companies’s dividend payout ratio is presently 468.97%.
In related news, Director Kathleen B. Cooper sold 4,000 shares of the stock in a transaction on 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 transaction, the director now owns 45,465 shares in the company, valued at $1,287,114.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the transaction, the vice president now owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The disclosure for this sale can be found here. Insiders have sold 32,915 shares of company stock valued at $1,057,995 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Penbrook Management LLC acquired a new position in Williams Companies during the fourth quarter worth $807,000. Xact Kapitalforvaltning AB boosted its holdings in Williams Companies by 16.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 88,877 shares of the pipeline company’s stock worth $2,710,000 after purchasing an additional 12,804 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Williams Companies by 3.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 85,229 shares of the pipeline company’s stock worth $2,598,000 after purchasing an additional 2,481 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Williams Companies by 3.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 448,566 shares of the pipeline company’s stock worth $13,677,000 after purchasing an additional 16,074 shares during the last quarter. Finally, Sawtooth Solutions LLC acquired a new position in Williams Companies during the fourth quarter worth $972,000. Institutional investors and hedge funds own 85.56% of the company’s stock.
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Williams Companies 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.
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