Traders Buy Shares of Williams Cos. (WMB) on Weakness
Traders purchased shares of Williams Cos. (NYSE:WMB) on weakness during trading hours on Monday. $35.75 million flowed into the stock on the tick-up and $19.99 million flowed out of the stock on the tick-down, for a money net flow of $15.76 million into the stock. Of all stocks tracked, Williams Cos. had the 22nd highest net in-flow for the day. Williams Cos. traded down ($0.26) for the day and closed at $20.73
WMB has been the topic of several research analyst reports. Raymond James Financial Inc. downgraded Williams Cos. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $24.44 to $20.57 in a research note on Friday, May 6th. Vetr downgraded Williams Cos. from a “buy” rating to a “hold” rating and set a $22.19 target price on the stock. in a research note on Monday, May 30th. Finally, Jefferies Group restated a “buy” rating and set a $27.00 target price (down from $30.00) on shares of Williams Cos. in a research note on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.53.
The firm’s 50 day moving average is $21.67 and its 200-day moving average is $18.94. The stock’s market cap is $15.56 billion.
Williams Cos. (NYSE:WMB) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.19. During the same quarter in the prior year, the business posted $0.16 EPS. Analysts forecast that Williams Cos. will post $0.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Monday, June 20th were given a dividend of $0.64 per share. The ex-dividend date was Thursday, June 16th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.35%.
Several large investors recently bought and sold shares of WMB. Tredje AP fonden increased its stake in Williams Cos. by 1.8% in the fourth quarter. Tredje AP fonden now owns 44,070 shares of the company’s stock worth $1,133,000 after buying an additional 796 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Williams Cos. by 51.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 45,800 shares of the company’s stock worth $1,177,000 after buying an additional 15,602 shares during the last quarter. Wellington Shields Capital Management LLC increased its stake in Williams Cos. by 65.0% in the fourth quarter. Wellington Shields Capital Management LLC now owns 46,990 shares of the company’s stock worth $1,208,000 after buying an additional 18,516 shares during the last quarter. Andra AP fonden increased its stake in Williams Cos. by 71.1% in the fourth quarter. Andra AP fonden now owns 63,300 shares of the company’s stock worth $1,627,000 after buying an additional 26,300 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in Williams Cos. by 2.3% in the fourth quarter. Advantus Capital Management Inc now owns 65,625 shares of the company’s stock worth $1,687,000 after buying an additional 1,506 shares during the last quarter.
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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