Williams Cos. (WMB) Trading 5.9% Higher
Shares of Williams Cos. (NYSE:WMB) traded up 5.9% on Thursday . The company traded as high as $29.09 and last traded at $27.61, with a volume of 13,117,026 shares. The stock had previously closed at $26.06.
A number of analysts have recently weighed in on the company. Raymond James Financial Inc. cut Williams Cos. from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $24.44 to $20.57 in a research report on Friday, May 6th. Citigroup Inc. lowered their target price on Williams Cos. from $55.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 2nd. Morgan Stanley set a $24.00 target price on Williams Cos. and gave the company a “hold” rating in a research report on Wednesday, August 10th. Vetr cut Williams Cos. from a “buy” rating to a “hold” rating and set a $22.19 target price on the stock. in a research report on Monday, May 30th. Finally, Evercore Partners Inc. raised their target price on Williams Cos. from $24.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.49.
The company’s market capitalization is $20.78 billion. The firm has a 50 day moving average of $24.08 and a 200-day moving average of $19.96.
Williams Cos. (NYSE:WMB) last released its quarterly earnings data on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, equities research analysts anticipate that Williams Cos. will post $0.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the sale, the vice president now directly owns 13,803 shares of the company’s stock, valued at $362,052.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of large investors recently added to or reduced their stakes in WMB. 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. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Williams Cos. during the fourth quarter worth about $1,927,000. Stephens Inc. AR boosted its position in Williams Cos. by 20.5% in the fourth quarter. Stephens Inc. AR now owns 78,083 shares of the company’s stock worth $2,007,000 after buying an additional 13,292 shares during the period. Marshall Wace LLP purchased a new position in Williams Cos. during the fourth quarter worth about $3,068,000. Finally, Airain ltd boosted its position in Williams Cos. by 171.4% in the fourth quarter. Airain ltd now owns 146,467 shares of the company’s stock worth $3,764,000 after buying an additional 92,497 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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