Williams Companies, Inc. (The) (WMB) Receives $33.82 Average Price Target from Analysts

Williams Companies, Inc. (The) (NYSE:WMB) has received a consensus rating of “Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.82.

Several brokerages recently commented on WMB. BidaskClub lowered shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. Royal Bank Of Canada boosted their price target on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets set a $32.00 price target on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, June 15th.

In other Williams Companies, Inc. (The) news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies, Inc. (The) stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total transaction of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen I. Chazen bought 5,000 shares of the stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $28.93 per share, for a total transaction of $144,650.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $289,300. The disclosure for this purchase can be found here. Insiders own 0.53% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Massey Quick & Co. LLC acquired a new position in shares of Williams Companies, Inc. (The) during the 1st quarter valued at about $121,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Williams Companies, Inc. (The) by 78.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after acquiring an additional 1,997 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Williams Companies, Inc. (The) by 124.1% during the 1st quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after acquiring an additional 2,573 shares during the last quarter. CWM LLC boosted its position in shares of Williams Companies, Inc. (The) by 300.7% during the 2nd quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after acquiring an additional 3,672 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Williams Companies, Inc. (The) by 41.6% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 5,210 shares of the pipeline company’s stock valued at $158,000 after acquiring an additional 1,530 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same period last year, the firm earned $0.19 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.20 annualized dividend and a yield of 3.95%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 196.72%.

About Williams Companies, Inc. (The)

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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