Williams Companies (NYSE:WMB) had its price objective lowered by Wells Fargo & Co from $35.00 to $34.00 in a research report report published on Thursday morning. Wells Fargo & Co currently has an outperform rating on the pipeline company’s stock.

A number of other analysts have also recently weighed in on WMB. Stifel Nicolaus began coverage on Williams Companies in a research report on Tuesday, August 7th. They issued a buy rating and a $35.00 price objective for the company. ValuEngine raised Williams Companies from a sell rating to a hold rating in a research report on Thursday, July 19th. Scotiabank raised Williams Companies from a sector perform rating to a buy rating in a research report on Friday, May 18th. Zacks Investment Research raised Williams Companies from a sell rating to a hold rating in a research report on Tuesday, July 31st. Finally, UBS Group raised their price objective on Williams Companies from $36.00 to $38.00 and gave the stock a buy rating in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $33.47.

NYSE WMB traded down $0.27 during midday trading on Thursday, hitting $27.92. 78,078 shares of the company traded hands, compared to its average volume of 9,603,232. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $23.51 billion, a PE ratio of 44.67, a price-to-earnings-growth ratio of 4.45 and a beta of 1.51. Williams Companies has a 52 week low of $24.00 and a 52 week high of $33.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. During the same period in the previous year, the business earned $0.13 EPS. equities analysts predict that Williams Companies will post 0.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Friday, September 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.36 dividend on an annualized basis and a yield of 4.87%. Williams Companies’s dividend payout ratio is currently 215.87%.

In other Williams Companies news, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the sale, the vice president now owns 9,955 shares of the company’s stock, valued at approximately $318,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Frank J. Ferazzi sold 1,100 shares of Williams Companies stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total value of $34,441.00. Following the sale, the senior vice president now directly owns 15,037 shares of the company’s stock, valued at approximately $470,808.47. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Bray Capital Advisors raised its stake in shares of Williams Companies by 100.0% during the 2nd quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after buying an additional 2,000 shares during the last quarter. Arrow Financial Corp purchased a new position in shares of Williams Companies during the 2nd quarter valued at about $113,000. Centaurus Financial Inc. purchased a new position in shares of Williams Companies during the 2nd quarter valued at about $127,000. Botty Investors LLC raised its stake in shares of Williams Companies by 218.7% during the 1st quarter. Botty Investors LLC now owns 5,409 shares of the pipeline company’s stock valued at $134,000 after buying an additional 3,712 shares during the last quarter. Finally, JJJ Advisors Inc. purchased a new position in shares of Williams Companies during the 2nd quarter valued at about $144,000. 86.62% of the stock is owned by institutional investors.

About Williams Companies

The Williams Cos., Inc is an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses.

Featured Story: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Williams Companies (NYSE:WMB)

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.