Stifel Nicolaus Lowers Williams Companies (NYSE:WMB) Price Target to $30.00

Williams Companies (NYSE:WMB) had its price target decreased by investment analysts at Stifel Nicolaus from $31.00 to $30.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 20.00% from the stock’s current price.

Several other research analysts also recently issued reports on WMB. Barclays restated a “buy” rating and set a $32.00 price objective on shares of Williams Companies in a research report on Thursday, July 18th. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Raymond James upgraded Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.00.

Shares of Williams Companies stock traded down $0.52 during trading on Friday, hitting $25.00. 502,337 shares of the company were exchanged, compared to its average volume of 6,543,069. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.31 and a quick ratio of 0.28. Williams Companies has a fifty-two week low of $20.36 and a fifty-two week high of $32.22. The stock has a market cap of $30.92 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 4.03 and a beta of 1.56. The stock has a 50 day moving average of $27.43.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $0.16 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, research analysts forecast that Williams Companies will post 0.95 EPS for the current year.

In other news, Director Stephen I. Chazen bought 10,000 shares of the stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $27.33 per share, with a total value of $273,300.00. Following the purchase, the director now owns 45,730 shares of the company’s stock, valued at $1,249,800.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ted T. Timmermans sold 5,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the sale, the vice president now directly owns 18,666 shares of the company’s stock, valued at $486,435.96. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC grew its stake in shares of Williams Companies by 8.9% during the 1st quarter. Squar Milner Financial Services LLC now owns 4,552 shares of the pipeline company’s stock valued at $130,000 after buying an additional 371 shares during the period. Avestar Capital LLC lifted its holdings in shares of Williams Companies by 8.8% during the 1st quarter. Avestar Capital LLC now owns 4,624 shares of the pipeline company’s stock valued at $129,000 after acquiring an additional 373 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Williams Companies by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the pipeline company’s stock valued at $1,835,000 after acquiring an additional 400 shares in the last quarter. Resources Investment Advisors Inc. lifted its holdings in shares of Williams Companies by 25.8% during the 1st quarter. Resources Investment Advisors Inc. now owns 1,975 shares of the pipeline company’s stock valued at $57,000 after acquiring an additional 405 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in shares of Williams Companies by 23.3% during the 2nd quarter. First Personal Financial Services now owns 2,194 shares of the pipeline company’s stock valued at $62,000 after acquiring an additional 414 shares in the last quarter. 88.13% 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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