Williams Cos.’s (WMB) “Buy” Rating Reaffirmed at Argus
Argus restated their buy rating on shares of Williams Cos. (NYSE:WMB) in a research note released on Wednesday morning. They currently have a $36.00 price objective on the stock, up from their prior price objective of $31.00.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group Inc. restated a buy rating and set a $25.00 price target on shares of Williams Cos. in a research report on Wednesday, July 13th. Raymond James Financial Inc. upgraded shares of Williams Cos. from a market perform rating to an outperform rating in a research report on Wednesday, August 3rd. Jefferies Group restated a buy rating and set a $27.00 price target (down previously from $30.00) on shares of Williams Cos. in a research report on Wednesday, June 8th. Vetr upgraded shares of Williams Cos. from a buy rating to a strong-buy rating and set a $22.78 price target for the company in a research report on Monday, June 27th. Finally, Citigroup Inc. reduced their price objective on shares of Williams Cos. from $55.00 to $26.00 and set a neutral rating for the company in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Williams Cos. has an average rating of Buy and a consensus target price of $29.36.
Shares of Williams Cos. (NYSE:WMB) traded up 0.2728% during midday trading on Wednesday, hitting $30.6133. 2,676,444 shares of the stock were exchanged. Williams Cos. has a one year low of $10.22 and a one year high of $44.51. The stock’s market cap is $22.98 billion. The stock’s 50-day moving average price is $29.39 and its 200 day moving average price is $23.05.
Williams Cos. (NYSE:WMB) last released its quarterly earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by $0.03. Williams Cos. had a positive return on equity of 2.14% and a negative net margin of 16.82%. During the same quarter in the prior year, the business posted $0.15 EPS. On average, analysts anticipate that Williams Cos. will post $0.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.80 annualized dividend and a yield of 2.62%. Williams Cos.’s payout ratio is presently -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the business’s stock in a transaction dated 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 owns 13,803 shares in the company, valued at approximately $362,052.69. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.87% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of Williams Cos. by 41.7% in the second quarter. FMR LLC now owns 62,583,375 shares of the company’s stock worth $1,353,678,000 after buying an additional 18,424,792 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Williams Cos. by 307.4% in the first quarter. Franklin Resources Inc. now owns 8,809,009 shares of the company’s stock worth $141,561,000 after buying an additional 6,646,876 shares in the last quarter. Senator Investment Group LP acquired a new position in shares of Williams Cos. during the second quarter worth $102,742,000. BlackRock Group LTD increased its position in shares of Williams Cos. by 63.6% in the first quarter. BlackRock Group LTD now owns 10,064,808 shares of the company’s stock worth $161,742,000 after buying an additional 3,913,093 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Williams Cos. by 356.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 4,684,932 shares of the company’s stock worth $101,335,000 after buying an additional 3,658,600 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.
About Williams Cos.
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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