Williams Companies (NYSE:WMB) Coverage Initiated at TD Securities

TD Securities initiated coverage on shares of Williams Companies (NYSE:WMB) in a research report report published on Wednesday, BenzingaRatingsTable reports. The firm issued a buy rating on the pipeline company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Scotia Howard Weill started coverage on shares of Williams Companies in a research note on Tuesday, September 3rd. They set a sector perform rating and a $23.60 price target for the company. Argus downgraded shares of Williams Companies from a buy rating to a hold rating in a research note on Thursday, August 8th. Barclays reissued a buy rating and set a $32.00 price target on shares of Williams Companies in a research note on Thursday, July 18th. Sanford C. Bernstein downgraded shares of Williams Companies from an outperform rating to a market perform rating and set a $25.00 price target for the company. in a research note on Sunday, August 4th. Finally, Scotiabank started coverage on shares of Williams Companies in a research note on Tuesday, September 3rd. They set a sector perform rating and a $28.00 price target for the company. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $29.19.

Shares of WMB traded up $0.09 on Wednesday, reaching $23.65. 5,960,920 shares of the company’s stock were exchanged, compared to its average volume of 7,429,271. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $28.87 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 3.74 and a beta of 1.55. The business has a 50 day moving average price of $23.97 and a two-hundred day moving average price of $26.58. Williams Companies has a 12 month low of $20.36 and a 12 month high of $29.55.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities research analysts predict that Williams Companies will post 0.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Thursday, September 12th. Williams Companies’s payout ratio is presently 192.41%.

In other news, SVP Terrance Lane Wilson bought 4,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $23.60 per share, with a total value of $94,400.00. Following the completion of the purchase, the senior vice president now owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen I. Chazen bought 10,000 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $23.93 per share, with a total value of $239,300.00. Following the purchase, the director now directly owns 55,730 shares of the company’s stock, valued at approximately $1,333,618.90. The disclosure for this purchase can be found here. Insiders acquired 44,000 shares of company stock valued at $1,028,200 in the last ninety days. Insiders own 0.26% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Resources Investment Advisors Inc. increased its position in shares of Williams Companies by 25.8% during the first quarter. Resources Investment Advisors Inc. now owns 1,975 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 405 shares in the last quarter. First Personal Financial Services increased its position in shares of Williams Companies by 23.3% during the second quarter. First Personal Financial Services now owns 2,194 shares of the pipeline company’s stock worth $62,000 after acquiring an additional 414 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Williams Companies by 18.6% during the second quarter. Parallel Advisors LLC now owns 2,689 shares of the pipeline company’s stock worth $75,000 after acquiring an additional 421 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Williams Companies by 22.8% during the second quarter. Lindbrook Capital LLC now owns 2,425 shares of the pipeline company’s stock worth $67,000 after acquiring an additional 450 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its position in shares of Williams Companies by 35.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,760 shares of the pipeline company’s stock worth $49,000 after acquiring an additional 458 shares in the last quarter. 88.01% of the stock is owned by hedge funds and other institutional investors.

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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