Investors purchased shares of Williams Companies (NYSE:WMB) on weakness during trading hours on Monday. $72.93 million flowed into the stock on the tick-up and $45.85 million flowed out of the stock on the tick-down, for a money net flow of $27.08 million into the stock. Of all companies tracked, Williams Companies had the 9th highest net in-flow for the day. Williams Companies traded down ($0.18) for the day and closed at $27.62
Several equities analysts recently commented on WMB shares. Bank of America decreased their price target on shares of Williams Companies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. JPMorgan Chase upgraded shares of Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. Sanford C. Bernstein downgraded shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a research note on Monday, March 26th. Jefferies Group restated a “buy” rating and issued a $34.00 price target on shares of Williams Companies in a research note on Wednesday, April 25th. Finally, Seaport Global Securities started coverage on shares of Williams Companies in a research note on Wednesday, April 25th. They issued a “buy” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.21.
The company has a market capitalization of $23.01 billion, a PE ratio of 43.84 and a beta of 1.38. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.11.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. Williams Companies had a return on equity of 3.61% and a net margin of 24.02%. During the same quarter in the previous year, the company earned $0.14 earnings per share. equities research analysts expect that Williams Companies will post 0.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.36 dividend on an annualized basis and a yield of 4.92%. Williams Companies’s payout ratio is 215.87%.
In other Williams Companies news, Director Kathleen B. Cooper sold 4,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the sale, the director now directly owns 45,465 shares in the company, valued at $1,287,114.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the sale, the vice president now owns 17,945 shares in the company, valued at $507,484.60. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Williams Companies in the fourth quarter worth about $112,000. SeaCrest Wealth Management LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $117,000. Botty Investors LLC lifted its holdings in shares of Williams Companies by 218.7% in the first quarter. Botty Investors LLC now owns 5,409 shares of the pipeline company’s stock worth $134,000 after acquiring an additional 3,712 shares during the last quarter. KHP Capital LLC bought a new position in shares of Williams Companies in the first quarter worth about $152,000. Finally, Point72 Asia Hong Kong Ltd lifted its holdings in shares of Williams Companies by 15,102.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 6,233 shares of the pipeline company’s stock worth $155,000 after acquiring an additional 6,192 shares during the last quarter. 85.43% 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. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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