Jefferies Group Reaffirms Buy Rating for Williams Companies (WMB)
Jefferies Group reissued their buy rating on shares of Williams Companies (NYSE:WMB) in a research note released on Friday morning. Jefferies Group currently has a $37.00 price target on the pipeline company’s stock. Jefferies Group also issued estimates for Williams Companies’ FY2019 earnings at $1.28 EPS.
WMB has been the topic of several other research reports. Wolfe Research assumed coverage on Williams Companies in a research note on Monday, September 25th. They issued an outperform rating and a $34.00 price target on the stock. Bank of America assumed coverage on Williams Companies in a research note on Tuesday. They issued a buy rating on the stock. Credit Suisse Group assumed coverage on Williams Companies in a research note on Thursday, January 4th. They issued an outperform rating and a $36.00 price target on the stock. Morgan Stanley decreased their price target on Williams Companies from $34.00 to $33.00 and set an overweight rating on the stock in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered Williams Companies from a hold rating to a sell rating in a research note on Saturday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $34.33.
Shares of Williams Companies (WMB) traded up $0.11 on Friday, hitting $33.21. The stock had a trading volume of 4,371,366 shares, compared to its average volume of 4,910,198. Williams Companies has a one year low of $26.82 and a one year high of $33.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97. The company has a market cap of $27,365.31, a price-to-earnings ratio of 58.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.37.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts expect that Williams Companies will post 0.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Friday, December 8th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. Williams Companies’s dividend payout ratio is currently 210.53%.
In related news, VP Ted T. Timmermans sold 1,500 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the sale, the vice president now owns 9,594 shares in the company, valued at approximately $275,827.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James E. Scheel sold 26,915 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total value of $888,195.00. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in WMB. Fuller & Thaler Asset Management Inc. acquired a new position in Williams Companies during the 3rd quarter worth about $105,000. Steward Partners Investment Advisory LLC acquired a new position in Williams Companies during the 3rd quarter worth about $172,000. Sun Life Financial INC lifted its holdings in Williams Companies by 46,384.6% during the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock worth $183,000 after buying an additional 6,030 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Williams Companies by 44.4% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock worth $197,000 after buying an additional 2,013 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Williams Companies during the 3rd quarter worth about $202,000. 84.75% of the stock is currently owned by hedge funds and other institutional investors.
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About Williams Companies
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.
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