Williams Companies Inc (WMB) Given a $32.00 Price Target at BMO Capital Markets
BMO Capital Markets set a $32.00 price objective on Williams Companies Inc (NYSE:WMB) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the pipeline company’s stock.
A number of other analysts have also recently commented on WMB. Barclays PLC restated an overweight rating and issued a $35.00 price objective on shares of Williams Companies in a research report on Monday, December 5th. Zacks Investment Research upgraded shares of Williams Companies from a hold rating to a buy rating and set a $34.00 price objective for the company in a research report on Tuesday, December 13th. Morgan Stanley upgraded shares of Williams Companies from an equal weight rating to an overweight rating and set a $35.00 price objective for the company in a research report on Monday, December 19th. Royal Bank of Canada reiterated a buy rating and set a $39.00 target price on shares of Williams Companies in a report on Wednesday, January 4th. Finally, Jefferies Group LLC cut Williams Companies from a buy rating to a hold rating and lowered their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 10th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $30.96.
Williams Companies (NYSE:WMB) opened at 30.26 on Wednesday. Williams Companies has a one year low of $18.35 and a one year high of $32.69. The company’s 50-day moving average price is $29.36 and its 200-day moving average price is $29.59. The firm’s market cap is $24.99 billion.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 15th. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. Williams Companies had a negative net margin of 15.19% and a positive return on equity of 2.16%. The firm earned $2.20 billion during the quarter, compared to the consensus estimate of $1.89 billion. On average, analysts anticipate that Williams Companies will post $1.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Friday, March 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.97%. This is a boost from Williams Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 8th. Williams Companies’s dividend payout ratio (DPR) is -53.69%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Consultant Network Inc. purchased a new position in shares of Williams Companies during the third quarter worth about $212,000. National Pension Service boosted its position in shares of Williams Companies by 9.3% in the third quarter. National Pension Service now owns 615,361 shares of the pipeline company’s stock worth $18,910,000 after buying an additional 52,210 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Williams Companies by 350.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 804,869 shares of the pipeline company’s stock worth $24,734,000 after buying an additional 626,325 shares during the period. Cohen Capital Management Inc. boosted its position in shares of Williams Companies by 4.5% in the third quarter. Cohen Capital Management Inc. now owns 72,650 shares of the pipeline company’s stock worth $2,233,000 after buying an additional 3,150 shares during the period. Finally, Viking Fund Management LLC boosted its position in shares of Williams Companies by 246.7% in the third quarter. Viking Fund Management LLC now owns 260,000 shares of the pipeline company’s stock worth $7,990,000 after buying an additional 185,000 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Williams Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc and related stocks with our FREE daily email newsletter.