Williams Companies (NYSE:WMB) Upgraded to Strong-Buy at Raymond James

Williams Companies (NYSE:WMB) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Wednesday, June 26th, Marketbeat.com reports. The firm currently has a $32.00 price target on the pipeline company’s stock. Raymond James’ price target would indicate a potential upside of 16.11% from the company’s current price. The analysts noted that the move was a valuation call.

Separately, Mizuho set a $32.00 price target on Williams Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.38.

NYSE:WMB traded down $0.16 during mid-day trading on Wednesday, hitting $27.56. 6,281,300 shares of the company’s stock traded hands, compared to its average volume of 7,075,236. The stock has a fifty day moving average of $27.71. Williams Companies has a twelve month low of $20.36 and a twelve month high of $32.22. The company has a market cap of $34.17 billion, a P/E ratio of 34.89, a P/E/G ratio of 4.52 and a beta of 1.56. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 1.32.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. Analysts expect that Williams Companies will post 0.96 earnings per share for the current year.

In related news, VP Ted T. Timmermans sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total value of $130,300.00. Following the transaction, the vice president now owns 18,666 shares in the company, valued at approximately $486,435.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen I. Chazen purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the transaction, the director now directly owns 45,730 shares in the company, valued at $1,249,800.90. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC lifted its stake in shares of Williams Companies by 360.6% during the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 750 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth $29,000. Trustcore Financial Services LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth $29,000. Claybrook Capital LLC acquired a new stake in Williams Companies in the 4th quarter valued at $26,000. Finally, JOYN Advisors Inc. increased its holdings in Williams Companies by 57.9% in the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 463 shares in the last quarter. 87.97% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Analyst Recommendations for Williams Companies (NYSE:WMB)

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