Williams Companies (WMB) Lifted to “Overweight” at JPMorgan Chase

Williams Companies (NYSE:WMB) was upgraded by equities research analysts at JPMorgan Chase from a “neutral” rating to an “overweight” rating in a research note issued on Friday, March 9th, Marketbeat Ratings reports.

Several other research analysts have also issued reports on WMB. Royal Bank of Canada restated a “buy” rating and issued a $38.00 price target on shares of Williams Companies in a research report on Tuesday, January 16th. Jefferies Group restated a “buy” rating and issued a $37.00 price target on shares of Williams Companies in a research report on Friday, January 12th. Bank of America began coverage on Williams Companies in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. UBS reaffirmed a “buy” rating and set a $36.00 price objective (down previously from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. Finally, Barclays downgraded Williams Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $36.00 to $35.00 in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.69.

NYSE WMB traded down $0.33 during trading hours on Friday, reaching $24.53. 9,262,164 shares of the company’s stock were exchanged, compared to its average volume of 7,313,396. The firm has a market cap of $20,567.36, a PE ratio of 38.94 and a beta of 1.39. Williams Companies has a one year low of $24.23 and a one year high of $33.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.78.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. During the same period last year, the company earned ($0.02) EPS. equities analysts expect that Williams Companies will post 0.8 earnings per share for the current year.

In other news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.28, for a total value of $56,560.00. Following the completion of the sale, the vice president now directly owns 17,945 shares in the company, valued at $507,484.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the sale, the director now owns 45,465 shares of the company’s stock, valued at $1,287,114.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,915 shares of company stock valued at $1,057,995. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in shares of Williams Companies during the third quarter worth $2,848,000. Vaughan David Investments Inc. IL increased its holdings in shares of Williams Companies by 32.2% during the third quarter. Vaughan David Investments Inc. IL now owns 509,104 shares of the pipeline company’s stock worth $24,091,000 after buying an additional 124,051 shares in the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of Williams Companies during the third quarter worth $318,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Williams Companies by 5.9% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock worth $12,979,000 after buying an additional 24,054 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Williams Companies during the third quarter worth $760,000. Institutional investors and hedge funds own 86.47% of the company’s stock.

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Williams Companies Company Profile

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.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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