Williams Cos. (WMB) Earns Buy Rating from Jefferies Group
Williams Cos. (NYSE:WMB)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report issued on Sunday. They currently have a $35.00 price objective on the stock. Jefferies Group’s target price indicates a potential upside of 20.15% from the company’s previous close.
Several other analysts have also recently commented on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $25.00 price objective on shares of Williams Cos. in a research note on Wednesday, July 13th. Vetr upgraded shares of Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 price objective for the company in a research note on Tuesday, June 21st. Argus raised their price objective on shares of Williams Cos. from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Stephens initiated coverage on shares of Williams Cos. in a research note on Thursday, September 29th. They issued an “equal weight” rating and a $32.00 price objective for the company. Finally, Citigroup Inc. initiated coverage on shares of Williams Cos. in a research note on Friday, July 22nd. They issued a “neutral” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $29.82.
Williams Cos. (NYSE:WMB) opened at 29.13 on Friday. The firm’s market capitalization is $21.87 billion. Williams Cos. has a 12-month low of $10.22 and a 12-month high of $42.48. The firm has a 50-day moving average of $29.85 and a 200 day moving average of $23.63.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 last year, the firm posted $0.15 earnings per share. On average, equities analysts predict that Williams Cos. will post $0.64 EPS for the current year.
The firm also recently announced 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 2.75%. Williams Cos.’s dividend payout ratio (DPR) is currently -49.38%.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were 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 directly owns 13,803 shares in the company, valued at approximately $362,052.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.87% of the company’s stock.
Several large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Williams Cos. by 833.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 79,311 shares of the company’s stock worth $1,275,000 after buying an additional 70,811 shares during the period. Ngam Advisors L.P. increased its stake in shares of Williams Cos. by 146.1% in the first quarter. Ngam Advisors L.P. now owns 24,813 shares of the company’s stock worth $399,000 after buying an additional 14,729 shares during the period. Prudential Financial Inc. increased its stake in shares of Williams Cos. by 7.6% in the first quarter. Prudential Financial Inc. now owns 1,003,518 shares of the company’s stock worth $16,127,000 after buying an additional 71,100 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Williams Cos. during the first quarter worth approximately $594,000. Finally, M&T Bank Corp increased its stake in shares of Williams Cos. by 9.8% in the first quarter. M&T Bank Corp now owns 67,910 shares of the company’s stock worth $1,090,000 after buying an additional 6,064 shares during the period. Institutional investors and hedge funds 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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