Williams Companies Inc (NYSE:WMB) – Equities researchers at US Capital Advisors lifted their Q3 2018 EPS estimates for Williams Companies in a research report issued on Thursday. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.17. US Capital Advisors also issued estimates for Williams Companies’ Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.77 EPS.
WMB has been the subject of a number of other reports. Credit Suisse Group started coverage on Williams Companies in a report on Thursday. They set an “outperform” rating and a $36.00 price target for the company. Morgan Stanley decreased their price target on Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $36.00 price target on shares of Williams Companies in a report on Monday, October 16th. Wolfe Research started coverage on Williams Companies in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target for the company. Finally, Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.08.
Shares of Williams Companies (NYSE WMB) opened at $32.46 on Monday. The stock has a market capitalization of $26,840.00, a PE ratio of 56.95, a price-to-earnings-growth ratio of 2.89 and a beta of 1.36. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. Williams Companies has a fifty-two week low of $26.82 and a fifty-two week high of $32.69.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share.
Hedge funds have recently modified their holdings of the stock. Duff & Phelps Investment Management Co. increased its position in Williams Companies by 4.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,161,934 shares of the pipeline company’s stock valued at $34,870,000 after acquiring an additional 51,325 shares during the period. Magnetar Financial LLC acquired a new position in Williams Companies in the 3rd quarter valued at about $2,848,000. Vaughan David Investments Inc. IL increased its position in Williams Companies by 32.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock valued at $24,091,000 after acquiring an additional 124,051 shares during the period. Zeke Capital Advisors LLC acquired a new position in Williams Companies in the 3rd quarter valued at about $318,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Williams Companies by 5.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock valued at $12,979,000 after acquiring an additional 24,054 shares during the period. Hedge funds and other institutional investors own 84.75% of the company’s stock.
In related news, CEO Alan S. Armstrong purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $27.23 per share, for a total transaction of $163,380.00. Following the transaction, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,408,700.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 1,500 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $28.75, for a total value of $43,125.00. Following the completion of the transaction, the vice president now owns 9,594 shares in the company, valued at approximately $275,827.50. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Thursday, December 7th. Williams Companies’s payout ratio is currently 210.53%.
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About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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