FY2018 EPS Estimates for Williams Companies, Inc. (The) (NYSE:WMB) Increased by Analyst

Williams Companies, Inc. (The) (NYSE:WMB) – Investment analysts at Jefferies Group upped their FY2018 EPS estimates for Williams Companies, Inc. (The) in a research report issued to clients and investors on Wednesday. Jefferies Group analyst C. Sighinolfi now forecasts that the pipeline company will earn $1.27 per share for the year, up from their previous forecast of $1.24. Jefferies Group currently has a “Buy” rating and a $34.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Williams Companies, Inc. (The) from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 4th. BMO Capital Markets set a $32.00 price target on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Scotiabank reaffirmed a “hold” rating and set a $30.00 price target on shares of Williams Companies, Inc. (The) in a research report on Thursday, April 27th. Wells Fargo & Company raised Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. Finally, Citigroup Inc. raised Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $36.00 in a research report on Friday, April 7th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.21.

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Williams Companies, Inc. (WMB) traded up 1.03% during mid-day trading on Friday, reaching $31.48. 2,250,228 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $29.37 and a 200 day moving average price of $29.47. Williams Companies, Inc. has a 52-week low of $20.44 and a 52-week high of $32.69. The company has a market cap of $26.01 billion, a PE ratio of 2098.67 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.06. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Williams Companies, Inc. (The) had a net margin of 0.18% and a return on equity of 3.74%. During the same quarter last year, the firm earned $0.03 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Friday, June 9th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.85%. The ex-dividend date was Wednesday, June 7th. Williams Companies, Inc. (The)’s payout ratio is -3,998.67%.

In related news, CEO Alan S. Armstrong purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average price of $28.60 per share, for a total transaction of $429,000.00. Following the completion of the transaction, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,882,072.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total value of $30,730.00. Following the completion of the transaction, the vice president now owns 13,094 shares in the company, valued at approximately $402,378.62. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 38,750 shares of company stock worth $1,107,110 and have sold 92,561 shares worth $2,876,240. 0.53% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its position in Williams Companies, Inc. (The) by 516.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 134,073 shares of the pipeline company’s stock worth $4,060,000 after buying an additional 112,310 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Williams Companies, Inc. (The) by 185.7% in the second quarter. Meeder Asset Management Inc. now owns 130,101 shares of the pipeline company’s stock worth $3,939,000 after buying an additional 84,569 shares in the last quarter. Hallmark Capital Management Inc. boosted its position in Williams Companies, Inc. (The) by 87.2% in the second quarter. Hallmark Capital Management Inc. now owns 9,125 shares of the pipeline company’s stock worth $276,000 after buying an additional 4,250 shares in the last quarter. National Pension Service boosted its position in Williams Companies, Inc. (The) by 12.0% in the second quarter. National Pension Service now owns 768,092 shares of the pipeline company’s stock worth $22,889,000 after buying an additional 82,314 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Williams Companies, Inc. (The) during the second quarter worth about $185,000. Institutional investors own 84.55% of the company’s stock.

About Williams Companies, Inc. (The)

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.

Earnings History and Estimates for Williams Companies, Inc. (The) (NYSE:WMB)

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