Williams Companies, Inc. (The) (NYSE:WMB) Stock Rating Reaffirmed by Sanford C. Bernstein

Williams Companies, Inc. (The) (NYSE:WMB)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Thursday.

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, July 13th. Barclays PLC reiterated a “hold” rating and issued a $33.00 target price on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. Wells Fargo & Company upgraded Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Finally, Jefferies Group LLC set a $34.00 target price on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Friday, June 16th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.00.

Shares of Williams Companies, Inc. (WMB) opened at 30.63 on Thursday. The stock has a 50 day moving average price of $30.52 and a 200-day moving average price of $29.61. The company has a market capitalization of $25.31 billion, a PE ratio of 2042.00 and a beta of 1.38. Williams Companies, Inc. has a 52 week low of $25.02 and a 52 week high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business earned $0.19 earnings per share. Equities research analysts expect that Williams Companies, Inc. will post $1.05 EPS for the current year.

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In other Williams Companies, Inc. (The) news, CEO Alan S. Armstrong acquired 15,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of $28.60 per share, with a total value of $429,000.00. Following the completion of the transaction, the chief executive officer now owns 345,527 shares in the company, valued at $9,882,072.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ted T. Timmermans sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total value of $30,730.00. Following the completion of the transaction, the vice president now directly owns 13,094 shares in the company, valued at approximately $402,378.62. The disclosure for this sale can be found here. In the last three months, insiders acquired 37,750 shares of company stock worth $1,076,480 and sold 94,561 shares worth $2,937,560. 0.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC raised its stake in shares of Williams Companies, Inc. (The) by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,448 shares of the pipeline company’s stock valued at $250,000 after buying an additional 41 shares during the last quarter. Catawba Capital Management VA raised its stake in shares of Williams Companies, Inc. (The) by 0.6% in the second quarter. Catawba Capital Management VA now owns 7,035 shares of the pipeline company’s stock valued at $213,000 after buying an additional 45 shares during the last quarter. Johnson Financial Group LLC raised its stake in shares of Williams Companies, Inc. (The) by 0.6% in the second quarter. Johnson Financial Group LLC now owns 7,068 shares of the pipeline company’s stock valued at $214,000 after buying an additional 45 shares during the last quarter. Focused Wealth Management Inc raised its stake in shares of Williams Companies, Inc. (The) by 1.8% in the first quarter. Focused Wealth Management Inc now owns 5,700 shares of the pipeline company’s stock valued at $169,000 after buying an additional 100 shares during the last quarter. Finally, Financial Architects Inc raised its stake in shares of Williams Companies, Inc. (The) by 1.6% in the second quarter. Financial Architects Inc now owns 6,754 shares of the pipeline company’s stock valued at $204,000 after buying an additional 109 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies, Inc. (The) Company Profile

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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