Scotiabank initiated coverage on shares of Williams Companies (NYSE:WMB) in a research report report published on Tuesday, The Fly reports. The firm issued a sector perform rating and a $28.00 target price on the pipeline company’s stock.

WMB has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Williams Companies from $34.00 to $32.00 and set an overweight rating for the company in a research report on Thursday, August 29th. Sanford C. Bernstein lowered shares of Williams Companies from an outperform rating to a market perform rating and set a $25.00 target price for the company. in a research report on Sunday, August 4th. Barclays reiterated a buy rating and issued a $32.00 target price on shares of Williams Companies in a research report on Thursday, July 18th. Credit Suisse Group decreased their target price on shares of Williams Companies from $33.00 to $30.00 and set an outperform rating for the company in a research report on Thursday, August 8th. Finally, Argus lowered shares of Williams Companies from a buy rating to a hold rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve 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 an average price target of $29.51.

Shares of WMB opened at $24.07 on Tuesday. The firm has a 50-day moving average price of $24.45 and a 200 day moving average price of $26.99. The firm has a market capitalization of $28.54 billion, a PE ratio of 30.47, a P/E/G ratio of 3.70 and a beta of 1.56. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. Williams Companies has a 52-week low of $20.36 and a 52-week high of $29.55.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.13 billion. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. Williams Companies’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, equities analysts expect that Williams Companies will post 0.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.52 annualized dividend and a dividend yield of 6.31%. Williams Companies’s dividend payout ratio (DPR) is 192.41%.

In other Williams Companies news, SVP Terrance Lane Wilson acquired 4,000 shares of Williams Companies stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $23.60 per share, for a total transaction of $94,400.00. Following the transaction, the senior vice president now owns 43,726 shares in the company, valued at approximately $1,031,933.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John D. Chandler acquired 10,000 shares of Williams Companies stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $23.24 per share, with a total value of $232,400.00. Following the transaction, the insider now owns 63,052 shares in the company, valued at approximately $1,465,328.48. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 44,000 shares of company stock valued at $1,028,200. Insiders own 0.26% of the company’s stock.

Several large investors have recently bought and sold shares of WMB. Truvestments Capital LLC boosted its holdings in shares of Williams Companies by 360.6% in the second quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock worth $27,000 after buying an additional 750 shares during the period. Trustcore Financial Services LLC acquired a new position in shares of Williams Companies in the first quarter worth about $29,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Williams Companies in the second quarter worth about $30,000. Ellevest Inc. boosted its holdings in shares of Williams Companies by 205.4% in the second quarter. Ellevest Inc. now owns 1,197 shares of the pipeline company’s stock worth $34,000 after buying an additional 805 shares during the period. Finally, CSat Investment Advisory L.P. boosted its holdings in shares of Williams Companies by 277.4% in the second quarter. CSat Investment Advisory L.P. now owns 1,238 shares of the pipeline company’s stock worth $35,000 after buying an additional 910 shares during the period. Institutional investors own 88.03% of the company’s stock.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Analyst Recommendations for Williams Companies (NYSE:WMB)

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