Williams Companies (NYSE:WMB) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Williams Companies (NYSE:WMB) from a sell rating to a hold rating in a research note published on Friday morning, ValuEngine reports.

Several other analysts also recently issued reports on WMB. Barclays reissued a buy rating and issued a $32.00 price target on shares of Williams Companies in a research report on Thursday, July 18th. Raymond James raised shares of Williams Companies from an outperform rating to a strong-buy rating and set a $32.00 price target for the company in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $32.00.

Shares of WMB stock opened at $25.01 on Friday. The firm has a market cap of $30.92 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 4.11 and a beta of 1.56. Williams Companies has a 52 week low of $20.36 and a 52 week high of $32.22. The company has a current ratio of 0.60, a quick ratio of 0.28 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average is $27.38.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The company 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%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. As a group, equities analysts expect that Williams Companies will post 0.96 EPS for the current year.

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

A number of institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC increased its position in shares of Williams Companies by 360.6% during the second quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after buying an additional 750 shares during the period. Liberty Wealth Management LLC bought a new stake in shares of Williams Companies during the fourth quarter valued at about $29,000. Legacy Advisors LLC bought a new stake in shares of Williams Companies during the first quarter valued at about $29,000. Trustcore Financial Services LLC bought a new stake in shares of Williams Companies during the first quarter valued at about $29,000. Finally, Cornerstone Advisors Inc. increased its position in shares of Williams Companies by 75.9% during the first quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after buying an additional 562 shares during the period. Institutional investors and hedge funds own 88.13% of the company’s stock.

Williams Companies Company Profile

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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