Short Interest in Williams Companies Inc (WMB) Rises By 9.6%

Williams Companies Inc (NYSE:WMB) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 34,793,586 shares, a growth of 9.6% from the October 31st total of 31,754,464 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 9,923,611 shares, the short-interest ratio is currently 3.5 days.

WMB has been the subject of several analyst reports. Bank of America reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. Zacks Investment Research reiterated a “buy” rating and set a $29.00 price target on shares of Williams Companies in a report on Saturday, November 17th. UBS Group boosted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Credit Suisse Group initiated coverage on shares of Williams Companies in a report on Thursday, October 11th. They set an “outperform” rating and a $35.00 price target for the company. Finally, Goldman Sachs Group started coverage on shares of Williams Companies in a report on Monday, October 8th. They set a “neutral” rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. Williams Companies presently has a consensus rating of “Buy” and an average target price of $32.76.

In other Williams Companies news, Director Kathleen B. Cooper sold 9,760 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $25.60, for a total transaction of $249,856.00. Following the completion of the transaction, the director now owns 41,887 shares in the company, valued at approximately $1,072,307.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad J. Zamarin purchased 2,500 shares of the stock in a transaction on Tuesday, November 6th. The shares were purchased at an average price of $25.69 per share, with a total value of $64,225.00. Following the acquisition, the insider now directly owns 28,970 shares in the company, valued at $744,239.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,500 shares of company stock valued at $993,625 in the last quarter. 0.53% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of WMB. FTB Advisors Inc. raised its position in Williams Companies by 350.4% in the 3rd quarter. FTB Advisors Inc. now owns 3,270 shares of the pipeline company’s stock valued at $150,000 after purchasing an additional 2,544 shares during the last quarter. Camarda Financial Advisors LLC raised its position in Williams Companies by 516.7% in the 3rd quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock valued at $113,000 after purchasing an additional 3,488 shares during the last quarter. Squar Milner Financial Services LLC raised its position in Williams Companies by 152.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock valued at $114,000 after purchasing an additional 2,541 shares during the last quarter. First Interstate Bank raised its position in Williams Companies by 96.3% in the 3rd quarter. First Interstate Bank now owns 4,318 shares of the pipeline company’s stock valued at $117,000 after purchasing an additional 2,118 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in Williams Companies in the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Shares of NYSE:WMB opened at $25.32 on Monday. The company has a market cap of $30.65 billion, a PE ratio of 40.19, a P/E/G ratio of 5.06 and a beta of 1.57. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. Williams Companies has a twelve month low of $23.54 and a twelve month high of $33.67.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, equities research analysts forecast that Williams Companies will post 0.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a dividend yield of 5.37%. Williams Companies’s dividend payout ratio is presently 215.87%.

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About Williams Companies

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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