Williams Companies Inc (NYSE:WMB) – US Capital Advisors boosted their Q3 2018 earnings per share estimates for Williams Companies in a report released on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.24 for the quarter, up from their previous estimate of $0.20. US Capital Advisors also issued estimates for Williams Companies’ Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $0.94 EPS.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 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 the consensus estimate of $1.79 billion. Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share.
A number of other analysts have also commented on WMB. Wolfe Research initiated coverage on Williams Companies in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. Royal Bank of Canada restated a “buy” rating and issued a $36.00 target price on shares of Williams Companies in a research note on Monday, October 16th. Morgan Stanley lowered their target price on Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. Credit Suisse Group assumed coverage on Williams Companies in a research note on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Zacks Investment Research lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Williams Companies has an average rating of “Buy” and an average target price of $34.42.
Shares of Williams Companies (NYSE:WMB) opened at $32.30 on Friday. The company has a market capitalization of $26,700.00, a price-to-earnings ratio of 56.67, a P/E/G ratio of 2.70 and a beta of 1.36. Williams Companies has a fifty-two week low of $26.82 and a fifty-two week high of $33.43. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38.
Several large investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Williams Companies by 1.5% during the 2nd quarter. Nordea Investment Management AB now owns 40,300 shares of the pipeline company’s stock valued at $1,220,000 after purchasing an additional 584 shares during the period. Aspen Investment Management Inc raised its stake in shares of Williams Companies by 4.7% during the 2nd quarter. Aspen Investment Management Inc now owns 14,743 shares of the pipeline company’s stock valued at $446,000 after purchasing an additional 660 shares during the period. National Asset Management Inc. raised its stake in shares of Williams Companies by 7.7% during the 2nd quarter. National Asset Management Inc. now owns 10,182 shares of the pipeline company’s stock valued at $309,000 after purchasing an additional 726 shares during the period. D.A. Davidson & CO. raised its stake in shares of Williams Companies by 4.7% during the 2nd quarter. D.A. Davidson & CO. now owns 25,310 shares of the pipeline company’s stock valued at $766,000 after purchasing an additional 1,132 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in shares of Williams Companies by 4.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 31,560 shares of the pipeline company’s stock valued at $956,000 after purchasing an additional 1,240 shares during the period. Institutional investors own 84.62% of the company’s stock.
In related news, VP Ted T. Timmermans sold 1,500 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $28.75, for a total transaction of $43,125.00. Following the sale, the vice president now directly owns 9,594 shares in the company, valued at approximately $275,827.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alan S. Armstrong acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought 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 disclosure for this purchase can be found here. Insiders own 0.53% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 3.72%. Williams Companies’s payout ratio is presently 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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