Williams Companies, Inc. (The) (WMB) Sets New 12-Month Low at $27.20

Williams Companies, Inc. (The) (NYSE:WMB) hit a new 52-week low during trading on Thursday . The company traded as low as $27.20 and last traded at $27.50, with a volume of 4466100 shares changing hands. The stock had previously closed at $27.72.

A number of brokerages have recently commented on WMB. Wolfe Research began coverage on Williams Companies, Inc. (The) in a research report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective for the company. Royal Bank Of Canada lifted their price objective on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised Williams Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Morgan Stanley lowered their price objective on Williams Companies, Inc. (The) from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Williams Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus price target of $33.83.

The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. The company has a market cap of $22,340.00, a PE ratio of 46.98, a price-to-earnings-growth ratio of 2.96 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies, Inc. (The) had a return on equity of 3.23% and a net margin of 5.90%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the company earned $0.20 EPS. Williams Companies, Inc. (The)’s quarterly revenue was down .7% on a year-over-year basis. equities research analysts predict that Williams Companies, Inc. will post 0.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Thursday, December 7th. Williams Companies, Inc. (The)’s payout ratio is 210.53%.

In other Williams Companies, Inc. (The) news, CEO Alan S. Armstrong purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the purchase, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,408,700.21. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen I. Chazen purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $28.93 per share, for a total transaction of $144,650.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $289,300. The disclosure for this purchase can be found here. In the last quarter, insiders sold 283,501 shares of company stock worth $8,590,124. Insiders own 0.53% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Williams Companies, Inc. (The) in the third quarter worth about $105,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Williams Companies, Inc. (The) by 78.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock worth $137,000 after acquiring an additional 1,997 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its stake in shares of Williams Companies, Inc. (The) by 41.6% in the second quarter. SeaBridge Investment Advisors LLC now owns 5,210 shares of the pipeline company’s stock worth $158,000 after acquiring an additional 1,530 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Williams Companies, Inc. (The) by 19.9% in the second quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock worth $177,000 after acquiring an additional 925 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in Williams Companies, Inc. (The) by 46,384.6% during the second quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after buying an additional 6,030 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://transcriptdaily.com/2017/11/18/williams-companies-inc-the-wmb-sets-new-12-month-low-at-27-20.html.

Williams Companies, Inc. (The) Company Profile

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.

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply