Williams Companies, Inc. (The) (WMB) Cut to “Buy” at BidaskClub

Williams Companies, Inc. (The) (NYSE:WMB) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, July 13th. Jefferies Group LLC set a $34.00 price objective on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Friday, June 16th. BMO Capital Markets set a $32.00 price objective on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $34.00 price objective on shares of Williams Companies, Inc. (The) in a research note on Tuesday, June 6th. Finally, Scotiabank reaffirmed a “hold” rating and set a $30.00 price objective on shares of Williams Companies, Inc. (The) in a research note on Thursday, April 27th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $34.00.

Williams Companies, Inc. (WMB) opened at 30.63 on Tuesday. Williams Companies, Inc. has a 1-year low of $25.02 and a 1-year high of $32.69. The company has a 50-day moving average price of $30.52 and a 200-day moving average price of $29.61. The firm has a market capitalization of $25.31 billion, a P/E ratio of 2042.00 and a beta of 1.38.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities research analysts predict that Williams Companies, Inc. will post $1.05 earnings per share for the current fiscal year.

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In other news, Director Michael A. Creel bought 5,000 shares of the stock in a transaction on Friday, May 26th. The stock was purchased at an average price of $29.67 per share, with a total value of $148,350.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $148,350. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Alan S. Armstrong bought 15,000 shares of the stock in a transaction on Thursday, June 15th. The stock was purchased at an average cost of $28.60 per share, with a total value of $429,000.00. Following the purchase, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,882,072.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 37,750 shares of company stock worth $1,076,480 and sold 94,561 shares worth $2,937,560. Corporate insiders own 0.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Doyle Wealth Management purchased a new stake in shares of Williams Companies, Inc. (The) during the first quarter valued at approximately $15,718,000. Viking Fund Management LLC increased its stake in shares of Williams Companies, Inc. (The) by 34.3% in the first quarter. Viking Fund Management LLC now owns 671,600 shares of the pipeline company’s stock valued at $19,872,000 after buying an additional 171,600 shares during the last quarter. BLB&B Advisors LLC increased its stake in shares of Williams Companies, Inc. (The) by 45.9% in the first quarter. BLB&B Advisors LLC now owns 40,529 shares of the pipeline company’s stock valued at $1,199,000 after buying an additional 12,744 shares during the last quarter. Atria Investments LLC increased its stake in shares of Williams Companies, Inc. (The) by 44.9% in the first quarter. Atria Investments LLC now owns 82,125 shares of the pipeline company’s stock valued at $2,430,000 after buying an additional 25,432 shares during the last quarter. Finally, Visionary Asset Management Inc. increased its stake in shares of Williams Companies, Inc. (The) by 4.0% in the first quarter. Visionary Asset Management Inc. now owns 116,414 shares of the pipeline company’s stock valued at $3,445,000 after buying an additional 4,526 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

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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