Williams Cos. (WMB) Stock Price Up 5.3%
Williams Cos. (NYSE:WMB)’s share price rose 5.3% on Tuesday . The stock traded as high as $22.00 and last traded at $21.83, with a volume of 5,811,027 shares changing hands. The stock had previously closed at $20.73.
WMB has been the topic of several research reports. Zacks Investment Research lowered shares of Williams Cos. from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 29th. Jefferies Group dropped 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. BMO Capital Markets initiated coverage on shares of Williams Cos. in a report on Tuesday, April 19th. They set an “outperform” rating and a $21.00 price objective on the stock. Vetr upgraded shares of Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 price objective on the stock in a report on Tuesday, June 21st. Finally, Raymond James Financial Inc. lowered shares of Williams Cos. from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $24.44 to $20.57 in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Williams Cos. currently has a consensus rating of “Buy” and a consensus price target of $31.53.
The stock’s market capitalization is $16.43 billion. The stock has a 50 day moving average price of $21.67 and a 200 day moving average price of $18.94.
Williams Cos. (NYSE:WMB) last announced 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 earned $0.16 EPS. On average, analysts predict that Williams Cos. will post $0.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Monday, June 20th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 11.69%. The ex-dividend date was Thursday, June 16th.
Several large investors recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of Williams Cos. by 1.3% in the fourth quarter. Nationwide Fund Advisors now owns 288,318 shares of the company’s stock worth $7,410,000 after buying an additional 3,697 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Williams Cos. by 0.6% in the fourth quarter. TD Asset Management Inc. now owns 334,810 shares of the company’s stock worth $8,605,000 after buying an additional 1,884 shares during the period. ProShare Advisors LLC boosted its position in shares of Williams Cos. by 9.5% in the fourth quarter. ProShare Advisors LLC now owns 189,584 shares of the company’s stock worth $4,872,000 after buying an additional 16,507 shares during the period. Alps Advisors Inc. boosted its position in shares of Williams Cos. by 29.9% in the fourth quarter. Alps Advisors Inc. now owns 113,510 shares of the company’s stock worth $2,917,000 after buying an additional 26,151 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Williams Cos. by 26.1% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 228,600 shares of the company’s stock worth $5,875,000 after buying an additional 47,300 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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