Today The Williams Companies, Inc. (The) (WMB) Price Target Cut to $35.00 by Analysts at Goldman Sachs Group, Inc. (The)

Today The Williams Companies, Inc. (The) (WMB) Price Target Cut to $35.00 by Analysts at Goldman Sachs Group, Inc. (The)

Williams Companies, Inc. (The) (NYSE:WMB) had its price target lowered by Goldman Sachs Group, Inc. (The) from $36.00 to $35.00 in a research report sent to investors on Tuesday. Goldman Sachs Group, Inc. (The) currently has a buy rating on the stock.

Several other research firms also recently weighed in on WMB. Jefferies Group LLC downgraded shares of Williams Companies, Inc. (The) from a buy rating to a hold rating and dropped their target price for the stock from $35.00 to $32.00 in a research report on Tuesday, January 10th. RBC Capital Markets reissued a buy rating and issued a $39.00 target price on shares of Williams Companies, Inc. (The) in a research report on Wednesday, January 4th. Zacks Investment Research downgraded shares of Williams Companies, Inc. (The) from a buy rating to a hold rating in a research report on Tuesday, January 3rd. Stephens assumed coverage on shares of Williams Companies, Inc. (The) in a research report on Thursday, September 29th. They issued an equal weight rating and a $32.00 target price for the company. Finally, Barclays PLC reaffirmed an overweight rating and set a $35.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Monday, December 5th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Williams Companies, Inc. (The) currently has an average rating of Buy and a consensus price target of $30.56.

Shares of Williams Companies, Inc. (NYSE:WMB) traded up 0.720% on Tuesday, reaching $28.685. 962,727 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $30.18 and its 200-day moving average price is $28.74. The company’s market capitalization is $21.54 billion. Williams Companies, Inc. has a 1-year low of $10.22 and a 1-year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last released its earnings results on Monday, October 31st. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Williams Companies, Inc. (The) had a negative net margin of 15.19% and a positive return on equity of 2.16%. During the same period in the prior year, the company posted $0.22 earnings per share. Analysts anticipate that Williams Companies, Inc. will post $0.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Friday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Wednesday, December 7th. Williams Companies, Inc. (The)’s payout ratio is -53.69%.

In other news, insider Rory Lee Miller sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total value of $1,176,000.00. Following the completion of the sale, the insider now directly owns 109,780 shares of the company’s stock, valued at approximately $3,227,532. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen I. Chazen purchased 5,000 shares of Williams Companies, Inc. (The) stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average cost of $28.23 per share, with a total value of $141,150.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $141,150. The disclosure for this purchase can be found here. Insiders own 0.53% of the company’s stock.

Several hedge funds have recently modified their holdings of WMB. Quadrant Capital Group LLC raised its stake in shares of Williams Companies, Inc. (The) by 10.8% in the third quarter. Quadrant Capital Group LLC now owns 3,557 shares of the company’s stock worth $101,000 after buying an additional 346 shares in the last quarter. Huntington National Bank raised its stake in shares of Williams Companies, Inc. (The) by 18.0% in the third quarter. Huntington National Bank now owns 3,410 shares of the company’s stock worth $105,000 after buying an additional 521 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Williams Companies, Inc. (The) by 207.3% in the second quarter. Whittier Trust Co. now owns 4,916 shares of the company’s stock worth $106,000 after buying an additional 3,316 shares in the last quarter. Hallmark Capital Management Inc. raised its stake in shares of Williams Companies, Inc. (The) by 2.5% in the third quarter. Hallmark Capital Management Inc. now owns 4,075 shares of the company’s stock worth $125,000 after buying an additional 100 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Williams Companies, Inc. (The) by 67.4% in the third quarter. Chicago Partners Investment Group LLC now owns 6,185 shares of the company’s stock worth $190,000 after buying an additional 2,491 shares in the last quarter. 85.64% of the stock is owned by institutional investors.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.

Related posts

Leave a Comment