Williams Companies, Inc. (The) (WMB) PT Raised to $36.00 at Royal Bank Of Canada

Williams Companies, Inc. (The) (NYSE:WMB) had its price target upped by Royal Bank Of Canada from $34.00 to $36.00 in a report published on Friday, Marketbeat reports. The brokerage currently has an outperform rating on the pipeline company’s stock.

WMB has been the topic of a number of other research reports. BidaskClub raised shares of Williams Companies, Inc. (The) from a hold rating to a buy rating in a research note on Thursday, July 6th. Wells Fargo & Company raised shares of Williams Companies, Inc. (The) from a market perform rating to an outperform rating in a research note on Monday, May 15th. Scotiabank reaffirmed a hold rating and set a $30.00 target price on shares of Williams Companies, Inc. (The) in a research note on Thursday, April 27th. Citigroup Inc. raised shares of Williams Companies, Inc. (The) from a neutral rating to a buy rating and lifted their target price for the stock from $32.00 to $36.00 in a research note on Friday, April 7th. Finally, Zacks Investment Research cut shares of Williams Companies, Inc. (The) from a buy rating to a hold rating in a research note on Thursday, July 27th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Williams Companies, Inc. (The) presently has a consensus rating of Buy and a consensus target price of $34.00.

Shares of Williams Companies, Inc. (NYSE:WMB) opened at 31.02 on Friday. The company’s 50-day moving average is $30.32 and its 200-day moving average is $29.57. The stock has a market cap of $25.63 billion, a P/E ratio of 2068.00 and a beta of 1.38. Williams Companies, Inc. has a 1-year low of $24.62 and a 1-year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $0.19 EPS. Equities analysts expect that Williams Companies, Inc. will post $1.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/08/08/williams-companies-inc-the-wmb-pt-raised-to-36-00-at-royal-bank-of-canada.html.

In related news, Director Stephen W. Bergstrom purchased 17,750 shares of Williams Companies, Inc. (The) stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average price of $28.12 per share, for a total transaction of $499,130.00. Following the acquisition, the director now directly owns 17,750 shares in the company, valued at $499,130. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles I. Cogut purchased 1,000 shares of Williams Companies, Inc. (The) stock in a transaction dated Wednesday, May 10th. The shares were bought at an average price of $30.63 per share, for a total transaction of $30,630.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $30,630. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 38,750 shares of company stock worth $1,107,110 and have sold 92,561 shares worth $2,876,240. 0.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WMB. Chevy Chase Trust Holdings Inc. raised its position in Williams Companies, Inc. (The) by 24.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 711,910 shares of the pipeline company’s stock valued at $21,065,000 after buying an additional 140,422 shares in the last quarter. Raymond James Trust N.A. raised its position in Williams Companies, Inc. (The) by 71.2% in the first quarter. Raymond James Trust N.A. now owns 12,526 shares of the pipeline company’s stock valued at $371,000 after buying an additional 5,210 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Williams Companies, Inc. (The) by 16.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,387 shares of the pipeline company’s stock valued at $5,426,000 after buying an additional 25,235 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Williams Companies, Inc. (The) by 15.6% in the first quarter. Gulf International Bank UK Ltd now owns 252,958 shares of the pipeline company’s stock valued at $7,485,000 after buying an additional 34,071 shares in the last quarter. Finally, Country Club Trust Company n.a. raised its position in Williams Companies, Inc. (The) by 2.9% in the first quarter. Country Club Trust Company n.a. now owns 7,127 shares of the pipeline company’s stock valued at $211,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

About Williams Companies, Inc. (The)

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, Inc. (The) (NYSE:WMB)

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply