Williams Companies Inc (WMB) Shares Gap Up to $29.75
Williams Companies Inc (NYSE:WMB)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $29.66, but opened at $29.75. Williams Companies shares last traded at $30.50, with a volume of 3,495,910 shares changing hands.
A number of brokerages have issued reports on WMB. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Argus raised their price objective on shares of Williams Companies from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Morgan Stanley set a $24.00 price objective on shares of Williams Companies and gave the company a “hold” rating in a research note on Wednesday, August 10th. Raymond James Financial Inc. raised shares of Williams Companies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Evercore Partners Inc. raised their price objective on shares of Williams Companies from $24.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $29.10.
The firm’s market cap is $23.26 billion. The stock’s 50 day moving average is $28.06 and its 200 day moving average is $22.09.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Williams Companies had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same quarter last year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that Williams Companies Inc will post $0.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, September 7th. Williams Companies’s dividend payout ratio (DPR) is currently -49.38%.
In other news, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $26.23, for a total value of $52,460.00. Following the sale, the vice president now directly owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.87% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of WMB. Trust Department MB Financial Bank N A raised its stake in Williams Companies by 595.5% in the second quarter. Trust Department MB Financial Bank N A now owns 4,472 shares of the company’s stock worth $256,000 after buying an additional 3,829 shares in the last quarter. Whittier Trust Co. raised its stake in Williams Companies by 207.3% in the second quarter. Whittier Trust Co. now owns 4,916 shares of the company’s stock worth $106,000 after buying an additional 3,316 shares in the last quarter. National Asset Management Inc. purchased a new stake in Williams Companies during the second quarter worth approximately $201,000. Wetherby Asset Management Inc. purchased a new stake in Williams Companies during the second quarter worth approximately $211,000. Finally, Winslow Evans & Crocker Inc. raised its stake in Williams Companies by 4.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,832 shares of the company’s stock worth $213,000 after buying an additional 402 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.
Williams Companies Company Profile
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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