Investors sold shares of Williams Companies Inc (NYSE:WMB) on strength during trading on Monday. $26.96 million flowed into the stock on the tick-up and $83.59 million flowed out of the stock on the tick-down, for a money net flow of $56.63 million out of the stock. Of all equities tracked, Williams Companies had the 26th highest net out-flow for the day. Williams Companies traded up $0.07 for the day and closed at $27.69
WMB has been the subject of several analyst reports. Bank of America reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Wells Fargo & Co lowered their target price on shares of Williams Companies from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, September 13th. Finally, Stifel Nicolaus initiated coverage on shares of Williams Companies in a report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Williams Companies currently has a consensus rating of “Buy” and an average price target of $33.43.
The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $22.51 billion, a PE ratio of 43.97, a PEG ratio of 4.61 and a beta of 1.53.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the business posted $0.13 EPS. Analysts forecast that Williams Companies Inc will post 0.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Investors of record on Friday, September 7th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, September 6th. This represents a $1.36 dividend on an annualized basis and a yield of 4.91%. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
In other Williams Companies news, SVP Frank J. Ferazzi sold 1,100 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $31.31, for a total transaction of $34,441.00. Following the completion of the transaction, the senior vice president now owns 15,037 shares in the company, valued at $470,808.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the transaction, the vice president now owns 9,955 shares of the company’s stock, valued at approximately $318,560. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
A number of large investors have recently modified their holdings of WMB. Millennium Management LLC boosted its position in Williams Companies by 5,129.6% during the first quarter. Millennium Management LLC now owns 4,391,858 shares of the pipeline company’s stock worth $109,182,000 after purchasing an additional 4,307,878 shares during the period. Hamlin Capital Management LLC bought a new position in Williams Companies during the second quarter worth about $80,810,000. Canyon Capital Advisors LLC bought a new position in Williams Companies during the first quarter worth about $70,055,000. AGF Investments Inc. boosted its position in Williams Companies by 227.7% during the second quarter. AGF Investments Inc. now owns 3,574,532 shares of the pipeline company’s stock worth $96,906,000 after purchasing an additional 2,483,903 shares during the period. Finally, Tortoise Capital Advisors L.L.C. boosted its position in Williams Companies by 16.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock worth $456,087,000 after purchasing an additional 2,375,456 shares during the period. Hedge funds and other institutional investors own 86.55% of the company’s stock.
About Williams Companies (NYSE:WMB)
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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