Seaport Global Securities assumed coverage on shares of Williams Companies (NYSE:WMB) in a research report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $28.00 target price on the pipeline company’s stock.

Several other research firms have also weighed in on WMB. Zacks Investment Research lowered Williams Companies from a hold rating to a sell rating in a research report on Saturday, February 10th. JPMorgan Chase upgraded Williams Companies from a neutral rating to an overweight rating in a research note on Friday, March 9th. Jefferies Group restated a buy rating and issued a $37.00 target price on shares of Williams Companies in a research note on Friday, January 12th. Scotiabank restated a hold rating and issued a $36.00 target price on shares of Williams Companies in a research note on Monday, January 29th. Finally, UBS restated a buy rating and issued a $36.00 target price (down from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $33.21.

WMB stock opened at $25.56 on Wednesday. Williams Companies has a 1-year low of $24.00 and a 1-year high of $33.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $21,163.04, a PE ratio of 40.57 and a beta of 1.39.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted ($0.02) EPS. analysts expect that Williams Companies will post 0.9 earnings per share for the current year.

In other Williams Companies news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the completion of the transaction, the vice president now owns 17,945 shares in the company, valued at approximately $507,484.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.31, for a total value of $113,240.00. Following the transaction, the director now owns 45,465 shares of the company’s stock, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Williams Companies by 12.4% during the 4th quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock valued at $2,360,797,000 after purchasing an additional 8,532,633 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Williams Companies by 11.3% during the 4th quarter. Clearbridge Investments LLC now owns 10,568,640 shares of the pipeline company’s stock valued at $322,238,000 after purchasing an additional 1,075,388 shares during the last quarter. Geode Capital Management LLC boosted its stake in Williams Companies by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 8,885,229 shares of the pipeline company’s stock valued at $270,355,000 after purchasing an additional 274,292 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Williams Companies by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 7,690,394 shares of the pipeline company’s stock valued at $234,479,000 after purchasing an additional 418,157 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its stake in Williams Companies by 1.8% during the 4th quarter. Brookfield Asset Management Inc. now owns 5,819,952 shares of the pipeline company’s stock valued at $177,450,000 after purchasing an additional 104,800 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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