Williams Companies Inc (WMB) Upgraded by Citigroup Inc to Buy

Williams Companies Inc (NYSE:WMB) was upgraded by Citigroup Inc from a “neutral” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $36.00 price target on the pipeline company’s stock, up from their prior price target of $32.00. Citigroup Inc’s price target indicates a potential upside of 18.97% from the company’s current price.

Several other research firms also recently weighed in on WMB. Royal Bank of Canada dropped their target price on shares of Williams Companies from $39.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, December 13th. Jefferies Group LLC set a $33.00 target price on shares of Williams Companies and gave the stock a “buy” rating in a research report on Monday, March 20th. BMO Capital Markets set a $32.00 target price on shares of Williams Companies and gave the stock a “buy” rating in a research report on Monday, January 23rd. Finally, Credit Suisse Group AG initiated coverage on shares of Williams Companies in a research report on Thursday, January 26th. They set an “outperform” rating and a $33.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.96.

Analyst Recommendations for Williams Companies (NYSE:WMB)

Shares of Williams Companies (NYSE:WMB) opened at 30.26 on Friday. Williams Companies has a one year low of $18.35 and a one year high of $32.69. The firm’s 50-day moving average price is $29.36 and its 200-day moving average price is $29.59. The firm’s market capitalization is $24.99 billion.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 15th. The pipeline company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.01. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Williams Companies had a positive return on equity of 2.16% and a negative net margin of 15.19%. On average, equities analysts forecast that Williams Companies will post $1.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Friday, March 10th were paid a $0.30 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Wednesday, March 8th. Williams Companies’s payout ratio is currently -53.69%.

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Institutional investors have recently bought and sold shares of the stock. Rothschild Investment Corp IL purchased a new position in Williams Companies during the third quarter valued at about $234,000. First Manhattan Co. boosted its position in Williams Companies by 12.1% in the third quarter. First Manhattan Co. now owns 18,934 shares of the pipeline company’s stock valued at $581,000 after buying an additional 2,050 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in Williams Companies by 4.8% in the third quarter. Winslow Evans & Crocker Inc. now owns 10,300 shares of the pipeline company’s stock valued at $316,000 after buying an additional 468 shares in the last quarter. Shinko Asset Management Co. Ltd. boosted its position in Williams Companies by 12,648.5% in the third quarter. Shinko Asset Management Co. Ltd. now owns 258,794 shares of the pipeline company’s stock valued at $7,953,000 after buying an additional 256,764 shares in the last quarter. Finally, Chickasaw Capital Management LLC boosted its position in Williams Companies by 76.5% in the third quarter. Chickasaw Capital Management LLC now owns 11,905,077 shares of the pipeline company’s stock valued at $365,843,000 after buying an additional 5,159,092 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.

5 Day Chart for NYSE:WMB

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