Williams Companies (WMB) Now Covered by Analysts at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of Williams Companies (NYSE:WMB) in a research report report published on Monday, The Fly reports. The brokerage issued a neutral rating on the pipeline company’s stock.

WMB has been the topic of several other reports. Bank of America reissued a buy rating on shares of Williams Companies in a research note on Tuesday, August 21st. UBS Group lifted their price objective on Williams Companies from $36.00 to $38.00 and gave the company a buy rating in a research report on Friday, August 10th. Zacks Investment Research raised Williams Companies from a sell rating to a hold rating in a research report on Tuesday, July 31st. Wells Fargo & Co cut their price objective on Williams Companies from $35.00 to $34.00 and set an outperform rating on the stock in a research report on Thursday, September 13th. Finally, US Capital Advisors cut Williams Companies from a buy rating to a hold rating and set a $31.00 price objective on the stock. in a research report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Williams Companies currently has an average rating of Buy and an average target price of $33.43.

NYSE WMB opened at $27.69 on Monday. 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 stock has a market capitalization of $22.51 billion, a P/E ratio of 43.95, a price-to-earnings-growth ratio of 4.61 and a beta of 1.53. Williams Companies has a 1 year low of $24.00 and a 1 year high of $33.67.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2 billion. Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, analysts anticipate that Williams Companies will post 0.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Friday, September 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.36 annualized dividend and a yield of 4.91%. Williams Companies’s payout ratio is 215.87%.

In other news, VP Ted T. Timmermans sold 20,267 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total value of $648,544.00. Following the sale, the vice president now directly owns 9,955 shares of the company’s stock, valued at approximately $318,560. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the sale, the senior vice president now directly owns 15,037 shares in the company, valued at $470,808.47. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bray Capital Advisors raised its holdings in Williams Companies by 100.0% in the 2nd quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock worth $108,000 after acquiring an additional 2,000 shares during the last quarter. Arrow Financial Corp purchased a new position in Williams Companies in the 2nd quarter worth approximately $113,000. Centaurus Financial Inc. purchased a new position in Williams Companies in the 2nd quarter worth approximately $127,000. JJJ Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter worth approximately $144,000. Finally, Spectrum Management Group Inc. purchased a new position in Williams Companies in the 2nd quarter worth approximately $157,000. 86.55% 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. 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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Analyst Recommendations for Williams Companies (NYSE:WMB)

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