According to Bloomberg.com, the fourteen brokerages currently monitoring The Williams Companies, Inc. (NYSE: WMB) have given the stock an average rating of “Moderate Buy,” indicating that investors should consider purchasing the company’s shares. This information suggests that investors should consider purchasing the company’s shares. One of the analysts has given the stock a recommendation to sell, five others have given it the recommendation to hold, six others have given it the recommendation to buy, and the final analyst has given it the recommendation to buy with a strong emphasis on buying. Most market analysts who have covered the stock in the preceding year and published reports agree that the price target for the next year should be $36.50. This is the consensus price target for the next 12 months.
About the WMB stock, several analyst reports have been distributed recently. Citigroup’s coverage of Williams Companies first appeared in a research report on December 8, the company’s announcement day. They concluded that assigning the stock a “neutral” rating was appropriate, and they decided that the share price should be targeted at $36.00. Williams Companies was downgraded by Wells Fargo & Company from “overweight” to “equal weight” in a research report that was made public on Friday, December 16. In addition, during the same period, the target price for Williams Companies decreased from $39.00 to $37.00. Finally, Morgan Stanley lowered the price objective for Williams Companies in a research report published on Wednesday, October 19. The new price objective is $38.00, which decreases from the previous price objective of $40.00.
Additionally, a rating of “equal weight” was placed on the company’s stock at the time of the event. Finally, the price target that Mizuho has set for Williams Companies has dropped from $40.00 to $39.00 due to a research report published on Friday, December 16. The company was the subject of the study. Barclays gave the stock the rating of “overweight” and projected a price range of $35.00 to $39.00; however, the price range was reduced to $35.00 after the research study was made public on October 19. Barclays also projected a price range for it, but it was reduced to $35.00.
Terrance Lane Wilson, Senior Vice President of the company, sold 10,000 company stock on November 11, as reported in other news. This follows on the heels of other recent occurrences. The total amount received for the sale of the shares was $337,600.00, which works out to a price of $33.76 per share on an average basis. Following the completion of the transaction, the senior vice president has accumulated a total of 198,489 shares of the company, which have an intrinsic value of $6,700,988.64. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. During the most recent fiscal period of the company, business insiders sold 28,500 shares of stock for a total price of $971,300.A total of 0.43% of the company’s shares are held privately by company employees.
During the previous few months, several hedge funds and other types of institutional investors modified the processes by which they invested in the company. The Royal Bank of Canada increased its ownership stake in Williams Companies by 85.8 percent during the first three months of 2018. The Royal Bank of Canada now has 16,352,215 shares of the pipeline company’s stock, which are currently valued at $546,327,000 following the acquisition of an additional 7,551,749 shares during the most recent quarter. Vanguard Group Inc. increased the proportion of Williams Companies stock owned by 6.3% over the year’s first three months. This most recent quarter saw Vanguard Group Inc. acquire an additional 7,243,812 pipeline business stock, bringing the total number of shares owned by the company to 122,908,600, with a value of $4,106,376,000 for those shares. The amount of Williams Companies that Bank of America Corp. (DE) owned as of the end of the first quarter was 17.1% higher than it was at the beginning of the quarter. After acquiring an additional 5,244,814 shares in a pipeline company over the preceding three months, Bank of America Corp. (DE) now owns 35,897,960 shares. The value of these shares on the market as of right now is $1,199,352,000. During the second quarter, Deutsche Bank AG achieved a 19.0 percent increase in the proportion of Williams Companies stock it owned. Deutsche Bank AG now has the value of a total holding in the company’s common stock equal to $30,845,787. This is the result of the bank’s purchase of an additional 4,925,183 shares of the pipeline company’s stock during the preceding quarter. During the first quarter of this year, State Street Corporation made a 5.1% increase in the amount of Williams Companies stock it owned, bringing us to our last point. After making additional purchases totaling 4,301,481 shares during the most recent quarter, State Street Corp. now has a total of 88,199,537 stock in pipeline companies that are part of its portfolio. The market value of these holdings as of right now is 2,946,747,000 dollars. The majority of the shares in the company are owned by institutional investors and hedge funds, which account for 85.38 percent of the total.
On Friday, WMB stock was first traded for $32.90 for the very first time. The company’s market value of $40.08 billion can be attributed to several factors, including its price-to-earnings ratio of 20.06, its price-to-earnings-growth ratio of 5.97, and its beta value of 1.22. A debt-to-equity ratio comes in at 1.62, a quick ratio comes in at 0.80, a current ratio comes in at 0.88, and a quick ratio comes in at 0.80. The stock price has a 50-day moving average of $33.31 and a 200-day moving average of $32.43, respectively. Williams Companies reached a low of $25.82 during the prior year, while the company reached a high of $37.97 during that same period.
On October 31, Williams Companies released its most recent quarterly earnings report. Williams Companies is a public company that trades on the New York Stock Exchange (NYSE) under the symbol WMB. The pipeline company reported quarterly earnings per share of $0.48, which was $0.04 higher than the consensus estimate of $0.44. The earnings were reported for the third quarter. The revenue forecasts for the company’s upcoming quarter ranged from $2.87 billion to $3.02 billion, according to specialists in the relevant field. As can be seen, by their 17.72% net margin and 14.73% return on equity, Williams Companies had a successful performance. Compared to the same quarter from the previous year, the rise in revenue for the quarter was 22.1% higher than the prior year’s level. The company reported a profit of $0.34 per share for the same period in the previous year’s financial statements. According to the forecasts of specialists in equity research, Williams Companies will bring in a profit of $1.58 per share for the current financial year.
In addition, the company just recently announced and distributed a quarterly dividend, which took place on Monday, December 26. The dividend was distributed. O
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