Williams Companies, Inc. (The) (NYSE:WMB) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Several other research analysts also recently weighed in on the company. Royal Bank Of Canada increased their price target on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday. Zacks Investment Research downgraded Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Scotiabank set a $30.00 price target on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Barclays PLC upgraded Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $33.00 to $36.00 in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC set a $34.00 price target on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $34.00.

Shares of Williams Companies, Inc. (WMB) traded down 1.13% during midday trading on Tuesday, reaching $30.67. The company’s stock had a trading volume of 2,294,433 shares. The firm has a 50-day moving average of $30.32 and a 200-day moving average of $29.57. The stock has a market cap of $25.34 billion, a PE ratio of 2044.67 and a beta of 1.38. Williams Companies, Inc. has a one year low of $24.62 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.06. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same quarter in the previous year, the company posted $0.19 EPS. On average, analysts forecast that Williams Companies, Inc. will post $1.05 EPS for the current year.

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In related news, VP Ted T. Timmermans sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total transaction of $30,730.00. Following the transaction, the vice president now directly owns 13,094 shares of the company’s stock, valued at approximately $402,378.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Creel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average cost of $29.67 per share, for a total transaction of $148,350.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $148,350. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 38,750 shares of company stock worth $1,107,110 and sold 92,561 shares worth $2,876,240. Company insiders own 0.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. SeaBridge Investment Advisors LLC purchased a new position in shares of Williams Companies, Inc. (The) during the first quarter worth $109,000. Massey Quick & Co. LLC purchased a new position in shares of Williams Companies, Inc. (The) during the first quarter worth $121,000. Acrospire Investment Management LLC boosted its position in shares of Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock worth $139,000 after buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock worth $143,000 after buying an additional 2,573 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock worth $148,000 after buying an additional 3,672 shares in the last quarter. 84.31% of the stock is currently owned by institutional investors.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

Analyst Recommendations for Williams Companies, Inc. (The) (NYSE:WMB)

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