Traders Buy Williams Companies (WMB) on Weakness

Traders purchased shares of Williams Companies Inc (NYSE:WMB) on weakness during trading hours on Thursday. $73.30 million flowed into the stock on the tick-up and $29.28 million flowed out of the stock on the tick-down, for a money net flow of $44.02 million into the stock. Of all equities tracked, Williams Companies had the 28th highest net in-flow for the day. Williams Companies traded down ($0.02) for the day and closed at $27.69

A number of research firms have weighed in on WMB. Seaport Global Securities began coverage on Williams Companies in a research note on Wednesday, April 25th. They issued a “buy” rating and a $28.00 target price on the stock. ValuEngine lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Deutsche Bank began coverage on Williams Companies in a research note on Thursday, April 19th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Sanford C. Bernstein lowered Williams Companies from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a research note on Monday, March 26th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Williams Companies currently has a consensus rating of “Buy” and an average target price of $33.31.

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.11 and a quick ratio of 1.03. The stock has a market capitalization of $22.92 billion, a PE ratio of 43.87 and a beta of 1.41.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results 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). Williams Companies had a return on equity of 3.61% and a net margin of 24.02%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company posted $0.14 EPS. equities analysts anticipate that Williams Companies Inc will post 0.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Friday, June 8th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, June 7th. Williams Companies’s payout ratio is 215.87%.

In other news, VP Ted T. Timmermans sold 12,392 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $28.08, for a total transaction of $347,967.36. Following the transaction, the vice president now owns 27,347 shares of the company’s stock, valued at approximately $767,903.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen I. Chazen purchased 4,000 shares of the company’s stock in a transaction dated Friday, May 25th. The shares were purchased at an average cost of $26.71 per share, for a total transaction of $106,840.00. Following the transaction, the director now directly owns 29,610 shares in the company, valued at approximately $790,883.10. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WMB. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Williams Companies during the fourth quarter valued at about $112,000. Botty Investors LLC boosted its position in Williams Companies by 218.7% during the first quarter. Botty Investors LLC now owns 5,409 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 3,712 shares in the last quarter. KHP Capital LLC bought a new stake in Williams Companies during the first quarter valued at about $152,000. Point72 Asia Hong Kong Ltd boosted its position in Williams Companies by 15,102.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 6,233 shares of the pipeline company’s stock valued at $155,000 after purchasing an additional 6,192 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in Williams Companies during the fourth quarter valued at about $238,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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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