Williams Companies (WMB) Raised to Buy at US Capital Advisors

US Capital Advisors upgraded shares of Williams Companies (NYSE:WMB) from a hold rating to a buy rating in a report published on Friday. US Capital Advisors also issued estimates for Williams Companies’ FY2020 earnings at $1.01 EPS.

Other equities research analysts also recently issued reports about the company. UBS reaffirmed a buy rating and issued a $36.00 price target (down from $37.00) on shares of Williams Companies in a research report on Friday, March 2nd. Royal Bank of Canada reaffirmed a buy rating and issued a $38.00 price target on shares of Williams Companies in a research report on Tuesday, January 16th. Jefferies Group reissued a buy rating and set a $37.00 target price on shares of Williams Companies in a research report on Friday, January 12th. Bank of America began coverage on Williams Companies in a research report on Tuesday, January 9th. They set a buy rating on the stock. Finally, Barclays downgraded Williams Companies from an overweight rating to an equal weight rating and decreased their target price for the stock from $36.00 to $35.00 in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $34.58.

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Shares of NYSE:WMB opened at $24.38 on Friday. The stock has a market capitalization of $20,170.23, a PE ratio of 38.70 and a beta of 1.39. Williams Companies has a 52-week low of $24.00 and a 52-week high of $33.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.78 and a current ratio of 0.82.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. During the same period last year, the business posted ($0.02) earnings per share. sell-side analysts predict that Williams Companies will post 0.8 earnings per share 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 paid 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 was Thursday, March 8th. This represents a $1.36 dividend on an annualized basis and a yield of 5.58%. Williams Companies’s dividend payout ratio (DPR) is currently 215.87%.

In other Williams Companies news, insider James E. Scheel sold 26,915 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen B. Cooper sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.31, for a total transaction of $113,240.00. Following the transaction, the director now owns 45,465 shares of the company’s stock, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,915 shares of company stock valued at $1,057,995. Corporate insiders own 0.53% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Woodard & Co. Asset Management Group Inc. ADV bought a new position in Williams Companies during the fourth quarter worth about $112,000. SeaCrest Wealth Management LLC bought a new position in Williams Companies during the fourth quarter worth about $117,000. Steward Partners Investment Advisory LLC bought a new position in Williams Companies during the third quarter worth about $172,000. Eqis Capital Management Inc. bought a new position in Williams Companies during the fourth quarter worth about $201,000. Finally, Pineno Levin & Ford Asset Management Inc. bought a new position in Williams Companies during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 86.47% of the company’s stock.

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About Williams Companies

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.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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