Morgan Stanley Cuts Williams Companies (NYSE:WMB) Price Target to $33.00

Williams Companies (NYSE:WMB) had its target price decreased by Morgan Stanley from $34.00 to $33.00 in a research note issued to investors on Friday, November 17th. Morgan Stanley currently has an overweight rating on the pipeline company’s stock.

Several other analysts have also recently commented on the company. BidaskClub raised Williams Companies from a buy rating to a strong-buy rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Williams Companies from a buy rating to a hold rating in a research report on Thursday, July 27th. Scotiabank set a $30.00 target price on Williams Companies and gave the stock a hold rating in a research report on Saturday, July 22nd. Royal Bank Of Canada increased their price objective on Williams Companies from $34.00 to $36.00 and gave the stock an outperform rating in a report on Friday, August 4th. Finally, Sanford C. Bernstein reiterated an outperform rating on shares of Williams Companies in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $33.83.

Williams Companies (WMB) opened at $29.29 on Friday. Williams Companies has a 1 year low of $26.82 and a 1 year high of $32.69. The stock has a market capitalization of $24,215.42, a price-to-earnings ratio of 49.64, a PEG ratio of 3.13 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.79 billion. Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. sell-side analysts predict that Williams Companies will post 0.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, December 7th. Williams Companies’s dividend payout ratio (DPR) is presently 210.53%.

In related news, CEO Alan S. Armstrong acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $27.23 per share, with a total value of $163,380.00. Following the completion of the acquisition, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,408,700.21. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of Williams Companies stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.75, for a total value of $43,125.00. Following the sale, the vice president now directly owns 9,594 shares in the company, valued at $275,827.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 283,501 shares of company stock worth $8,590,124. 0.53% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Williams Companies by 1.8% in the 2nd quarter. FMR LLC now owns 75,368,938 shares of the pipeline company’s stock worth $2,282,171,000 after acquiring an additional 1,347,813 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Williams Companies by 9.9% in the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock worth $1,964,347,000 after acquiring an additional 5,850,607 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Williams Companies by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock worth $1,939,819,000 after acquiring an additional 2,671,905 shares in the last quarter. State Street Corp raised its position in Williams Companies by 0.4% in the 2nd quarter. State Street Corp now owns 42,452,276 shares of the pipeline company’s stock worth $1,285,450,000 after purchasing an additional 162,568 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its position in Williams Companies by 0.5% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 15,290,873 shares of the pipeline company’s stock worth $458,879,000 after purchasing an additional 78,109 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

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Williams Companies Company Profile

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.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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