Williams Cos. (WMB) Trading Up 2.6%
Williams Cos. (NYSE:WMB)’s share price was up 2.6% on Monday . The stock traded as high as $24.11 and last traded at $24.05, with a volume of 6,870,414 shares trading hands. The stock had previously closed at $23.44.
Several equities analysts have recently commented on the stock. Jefferies Group decreased their price objective on shares of Williams Cos. from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, March 22nd. Zacks Investment Research lowered shares of Williams Cos. from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 29th. BMO Capital Markets assumed coverage on shares of Williams Cos. in a report on Tuesday, April 19th. They issued an “outperform” rating and a $21.00 price objective on the stock. Raymond James Financial Inc. lowered shares of Williams Cos. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $24.44 to $20.57 in a report on Friday, May 6th. Finally, Vetr lowered shares of Williams Cos. from a “strong-buy” rating to a “buy” rating and set a $20.78 price objective on the stock. in a report on Monday, May 9th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.36.
The stock’s market capitalization is $18.66 billion. The company has a 50 day moving average of $22.00 and a 200-day moving average of $18.96.
Williams Cos. (NYSE:WMB) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.19. During the same period last year, the company posted $0.16 EPS. On average, equities analysts expect that Williams Cos. will post $0.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 27th. Investors of record on Monday, June 20th were paid a $0.64 dividend. The ex-dividend date was Thursday, June 16th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.24%.
Several hedge funds recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Williams Cos. by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 43,934,329 shares of the company’s stock worth $1,129,112,000 after buying an additional 1,133,739 shares during the period. Morgan Stanley raised its stake in shares of Williams Cos. by 9.1% in the fourth quarter. Morgan Stanley now owns 25,803,064 shares of the company’s stock worth $663,140,000 after buying an additional 2,161,465 shares during the period. Thornburg Investment Management Inc. raised its stake in shares of Williams Cos. by 8.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 3,393,625 shares of the company’s stock worth $87,216,000 after buying an additional 277,928 shares during the period. P Schoenfeld Asset Management LP raised its stake in shares of Williams Cos. by 180.2% in the fourth quarter. P Schoenfeld Asset Management LP now owns 1,950,000 shares of the company’s stock worth $50,115,000 after buying an additional 1,254,178 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Williams Cos. by 32.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,465,000 shares of the company’s stock worth $37,651,000 after buying an additional 360,000 shares during the period.
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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