Bank of America Begins Coverage on Williams Companies (WMB)

Bank of America began coverage on shares of Williams Companies (NYSE:WMB) in a research note issued to investors on Tuesday, The Fly reports. The firm issued a buy rating on the pipeline company’s stock.

Other equities analysts also recently issued reports about the company. Wolfe Research started coverage on Williams Companies in a research report on Monday, September 25th. They set an outperform rating and a $34.00 price objective for the company. Royal Bank of Canada reiterated a buy rating and set a $36.00 price objective on shares of Williams Companies in a research report on Monday, October 16th. Credit Suisse Group started coverage on Williams Companies in a research report on Thursday, January 4th. They set an outperform rating and a $36.00 price objective for the company. Morgan Stanley reduced their price objective on Williams Companies from $34.00 to $33.00 and set an overweight rating for the company in a research report on Friday, November 17th. Finally, Zacks Investment Research downgraded Williams Companies from a hold rating to a sell rating in a research report on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Williams Companies currently has a consensus rating of Buy and an average price target of $34.33.

Williams Companies (NYSE:WMB) opened at $33.21 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. Williams Companies has a 52 week low of $26.82 and a 52 week high of $33.38. The company has a market capitalization of $27,460.00, a P/E ratio of 58.26, a price-to-earnings-growth ratio of 2.83 and a beta of 1.36.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s revenue was down .7% on a year-over-year basis. equities research analysts predict that Williams Companies will post 0.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Friday, December 8th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 3.61%. Williams Companies’s payout ratio is 210.53%.

In related news, CEO Alan S. Armstrong purchased 6,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 1,500 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 9,594 shares in the company, valued at approximately $275,827.50. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. bought a new position in shares of Williams Companies in the third quarter valued at $105,000. Steward Partners Investment Advisory LLC acquired a new stake in Williams Companies during the 3rd quarter valued at $172,000. Sun Life Financial INC raised its stake in Williams Companies by 46,384.6% during the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after purchasing an additional 6,030 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Williams Companies by 44.4% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock valued at $197,000 after purchasing an additional 2,013 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Williams Companies during the 3rd quarter valued at $202,000. 84.75% of the stock is currently owned by institutional investors.

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About Williams Companies

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.

The Fly

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