Williams Companies Inc (WMB) Given Average Recommendation of “Buy” by Brokerages

Williams Companies Inc (NYSE:WMB) has been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.22.

A number of brokerages have recently issued reports on WMB. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Bank of America began coverage on Williams Companies in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Barclays cut Williams Companies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $36.00 to $35.00 in a research note on Wednesday, January 17th. Credit Suisse Group began coverage on Williams Companies in a research note on Thursday, January 4th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th.

In other news, CEO Alan S. Armstrong acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $27.23 per share, with a total value of $163,380.00. Following the acquisition, the chief executive officer now directly owns 345,527 shares in the company, valued at approximately $9,408,700.21. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total value of $888,195.00. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WMB. Fuller & Thaler Asset Management Inc. acquired a new position in Williams Companies in the 3rd quarter valued at $105,000. SeaCrest Wealth Management LLC acquired a new position in Williams Companies in the 4th quarter valued at $117,000. Steward Partners Investment Advisory LLC acquired a new position in Williams Companies in the 3rd quarter valued at $172,000. Bronfman E.L. Rothschild L.P. grew its holdings in Williams Companies by 44.4% in 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 buying an additional 2,013 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Williams Companies in the 4th quarter valued at $201,000. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Williams Companies (NYSE:WMB) traded up $0.35 during trading on Tuesday, hitting $29.77. The stock had a trading volume of 5,146,185 shares, compared to its average volume of 6,070,000. Williams Companies has a one year low of $26.82 and a one year high of $33.67. The company has a market cap of $24,610.00, a PE ratio of 52.23, a P/E/G ratio of 2.40 and a beta of 1.32. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38.

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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.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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