Williams Companies (NYSE:WMB) PT Lowered to $33.00 at Bank of America

Williams Companies (NYSE:WMB) had its price target lowered by Bank of America from $38.00 to $33.00 in a research report report published on Friday, November 2nd, MarketBeat.com reports. Bank of America currently has a buy rating on the pipeline company’s stock.

Several other research firms have also commented on WMB. UBS Group raised their price objective on shares of Williams Companies from $36.00 to $38.00 and gave the company a buy rating in a research note on Friday, August 10th. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They issued a buy rating and a $35.00 price objective for the company. US Capital Advisors lowered shares of Williams Companies from a buy rating to a hold rating and set a $31.00 price objective for the company. in a research note on Friday, August 24th. Morgan Stanley set a $35.00 price objective on shares of Williams Companies and gave the company an overweight rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Williams Companies from a sell rating to a hold rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Williams Companies presently has a consensus rating of Buy and a consensus price target of $33.07.

WMB stock traded down $0.22 during mid-day trading on Friday, hitting $25.33. 6,699,943 shares of the company were exchanged, compared to its average volume of 10,019,952. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $21.92 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 5.29 and a beta of 1.57. Williams Companies has a 12-month low of $23.54 and a 12-month high of $33.67.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $0.04 earnings per share. Sell-side analysts anticipate that Williams Companies will post 0.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 5.37%. Williams Companies’s payout ratio is currently 215.87%.

In related news, Director Michael A. Creel acquired 25,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were bought at an average price of $25.77 per share, with a total value of $644,250.00. Following the completion of the acquisition, the director now owns 20,907 shares in the company, valued at $538,773.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Terrance Lane Wilson acquired 1,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $25.75 per share, for a total transaction of $25,750.00. Following the acquisition, the senior vice president now owns 17,844 shares of the company’s stock, valued at approximately $459,483. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 38,500 shares of company stock worth $993,625. 0.53% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WMB. Bray Capital Advisors increased its holdings in shares of Williams Companies by 100.0% in the 2nd quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after acquiring an additional 2,000 shares during the period. Arrow Financial Corp acquired a new position in Williams Companies in the 2nd quarter valued at $113,000. Camarda Financial Advisors LLC increased its stake in Williams Companies by 516.7% in the 3rd quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock valued at $113,000 after buying an additional 3,488 shares during the period. Squar Milner Financial Services LLC increased its stake in Williams Companies by 152.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock valued at $114,000 after buying an additional 2,541 shares during the period. Finally, First Interstate Bank increased its stake in Williams Companies by 96.3% in the 3rd quarter. First Interstate Bank now owns 4,318 shares of the pipeline company’s stock valued at $117,000 after buying an additional 2,118 shares during the period. 88.44% of the stock is currently owned by institutional investors and hedge funds.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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