Investors Sell Shares of Williams Cos. (WMB) on Strength (WMB)
Traders sold shares of Williams Cos. (NYSE:WMB) on strength during trading on Tuesday. $57.95 million flowed into the stock on the tick-up and $82.89 million flowed out of the stock on the tick-down, for a money net flow of $24.94 million out of the stock. Of all equities tracked, Williams Cos. had the 0th highest net out-flow for the day. Williams Cos. traded up $1.13 for the day and closed at $28.56
A number of equities analysts have recently weighed in on WMB shares. Vetr lowered Williams Cos. from a “strong-buy” rating to a “buy” rating and set a $22.19 target price on the stock. in a research report on Tuesday, May 17th. Jefferies Group reaffirmed a “buy” rating and set a $27.00 target price (down from $30.00) on shares of Williams Cos. in a research report on Wednesday, June 8th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $25.00 target price on shares of Williams Cos. in a research report on Wednesday, July 13th. Tudor Pickering raised Williams Cos. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Finally, Evercore Partners Inc. upped their price target on Williams Cos. from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.10.
The company’s 50-day moving average price is $24.40 and its 200 day moving average price is $20.12. The stock’s market cap is $21.44 billion.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Equities analysts forecast that Williams Cos. will post $0.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Wednesday, September 7th.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of Williams Cos. stock in a transaction 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 completion of the transaction, the vice president now owns 13,803 shares in the company, valued at $362,052.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds and institutional investors recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Williams Cos. during the fourth quarter worth about $3,068,000. Airain ltd boosted its position in shares of 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 last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Williams Cos. during the fourth quarter worth about $1,927,000. BlackRock Advisors LLC boosted its position in shares of Williams Cos. by 10.5% in the fourth quarter. BlackRock Advisors LLC now owns 540,604 shares of the company’s stock worth $13,894,000 after buying an additional 51,272 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in shares of 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 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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