Williams Companies (WMB) Reaches New 1-Year High and Low at $24.00

Shares of Williams Companies (NYSE:WMB) hit a new 52-week high and low on Friday . The company traded as low as $24.00 and last traded at $24.38, with a volume of 9864597 shares traded. The stock had previously closed at $24.80.

A number of analysts have recently weighed in on the stock. Scotiabank reaffirmed a “hold” rating and set a $36.00 price target on shares of Williams Companies in a report on Monday, January 29th. US Capital Advisors raised shares of Williams Companies to a “buy” rating in a report on Friday. Barclays cut 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 report on Wednesday, January 17th. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Finally, ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.69.

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The stock has a market capitalization of $20,236.43, a PE ratio of 38.70 and a beta of 1.39. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.26.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned ($0.02) EPS. equities research analysts expect that Williams Companies will post 0.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Friday, March 9th were given a $0.34 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Thursday, March 8th. Williams Companies’s dividend payout ratio is 215.87%.

In other Williams Companies news, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.28, for a total value of $56,560.00. Following the completion of the transaction, the vice president now directly owns 17,945 shares in the company, valued at approximately $507,484.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,915 shares of company stock valued at $1,057,995. Corporate insiders own 0.53% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in Williams Companies in the 3rd quarter valued at approximately $2,848,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Williams Companies by 5.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock valued at $12,979,000 after acquiring an additional 24,054 shares during the period. Highbridge Capital Management LLC acquired a new position in Williams Companies in the 3rd quarter valued at approximately $760,000. Checchi Capital Advisers LLC acquired a new position in Williams Companies in the 4th quarter valued at approximately $232,000. Finally, Parametric Portfolio Associates LLC increased its position in Williams Companies by 2.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,138,690 shares of the pipeline company’s stock valued at $64,182,000 after acquiring an additional 58,630 shares during the period. Hedge funds and other institutional investors own 86.47% of the company’s stock.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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