Williams Companies, Inc. (The) (NYSE:WMB) released its quarterly earnings results on Wednesday. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04), Bloomberg Earnings reports. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year.
In other Williams Companies, Inc. (The) news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total value of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robyn L. Ewing sold 9,913 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $29.99, for a total value of $297,290.87. Following the completion of the sale, the insider now directly owns 27,090 shares in the company, valued at approximately $812,429.10. The disclosure for this sale can be found here. Insiders have sold a total of 284,001 shares of company stock valued at $8,608,319 in the last quarter. 0.53% of the stock is owned by corporate insiders.
WMB has been the topic of several analyst reports. BidaskClub raised shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Scotiabank set a $30.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada boosted their price objective on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Barclays PLC raised shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.00.
Williams Companies, Inc. (The) 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.
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