Williams Companies Inc (NYSE:WMB) – Stock analysts at US Capital Advisors upped their Q3 2018 earnings per share estimates for Williams Companies in a research note issued to investors on Thursday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.17. US Capital Advisors also issued estimates for Williams Companies’ Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.77 EPS.
Other equities research analysts also recently issued reports about the company. Bank of America started coverage on Williams Companies in a research report on Tuesday. They set a “buy” rating on the stock. Royal Bank of Canada restated a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a research report on Monday, October 16th. 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 on the stock. 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 on the stock. Finally, Morgan Stanley decreased their price objective on Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Williams Companies has an average rating of “Buy” and a consensus target price of $34.08.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the company posted $0.20 earnings per share. Williams Companies’s quarterly revenue was down .7% on a year-over-year basis.
Several hedge funds and other institutional investors have recently modified their holdings of WMB. Fuller & Thaler Asset Management Inc. purchased a new position in Williams Companies during the 3rd quarter worth $105,000. Steward Partners Investment Advisory LLC purchased a new position in Williams Companies during the 3rd quarter worth $172,000. Sun Life Financial INC increased its holdings 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 worth $183,000 after purchasing an additional 6,030 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings 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 worth $197,000 after purchasing an additional 2,013 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Williams Companies during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.
In other Williams Companies news, CEO Alan S. Armstrong purchased 6,000 shares of Williams Companies stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the acquisition, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,408,700.21. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ted T. Timmermans sold 1,500 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $28.75, for a total value of $43,125.00. Following the completion of the sale, the vice president now owns 9,594 shares in the company, valued at $275,827.50. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th were issued a $0.30 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. Williams Companies’s payout ratio is 210.53%.
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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.
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