The Williams Companies, Inc. (NYSE:WMB) registered a -0.35% decrease, still its new closing price is 200.21% up from the company’s 1 year high of 32.69.It posted -0.56% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 16 stock analysts following this company have an average price target at $32.14, with individual PT in the $28.00-$36.00 range. The shares moved at $28.34, implying that brokerage firms see shares gaining about 94.44% in twelve months time.
The Williams Companies, Inc. (WMB) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -8.99% fall year to date. A Sr. Vice President at The Williams Companies, Inc. (WMB) offloaded shares in a transaction closed on Tuesday November 08, 2016. Miller Rory Lee sold 40,000 shares in the company at $29.4 each and collected $1,176,000 in proceeds. Miller Rory Lee now owns 79,780 shares in the company after this transaction. A Vice President and Controller in the company, Timmermans Ted T, disclosed a transaction on Thursday November 03, 2016 that ended up generating $14,000 from the sale of 500 shares at $28.32 per share.
The Williams Companies, Inc. (NYSE:WMB) Upcoming Results on Tap
The Williams Companies, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.21 in that period. Sales during the quarter are predicted to arrive at $1.74 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.91 billion in revenue and EPS of $0.20. The mean forecast was for $1.73 billion and $0.19 a share, respectively. One quarter earlier, revenue for the stock was at $1.74 billion, with earnings at $0.19/share.
The Williams Companies, Inc. (WMB) Brokerage Update
The Williams Companies, Inc. (WMB) is in Jefferies’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Jefferies, according to news reported on Tuesday January 10, 2017.Another important research note was issued by Morgan Stanley on Monday December 19, 2016.The firm upgraded WMB to Overweight from Equal-Weight. Over the last six months and over the last three months, the shares of The Williams Companies, Inc. (WMB), have changed 14.92% and -1.89%, respectively.
The Williams Companies, Inc. (NYSE:WMB) on January 13, 2017 announced the closing of its public offering of 65 million shares of Williams common stock at $29.00 per share.
Williams has granted the underwriters a 30-day option, effective from January 9, 2017, to purchase up to an additional 9.75 million shares of common stock.
Williams used the net proceeds of the offering to purchase newly issued common units, representing limited partnership interests, in its subsidiary, Williams Partners L.P. (WPZ) (“Williams Partners”) at a price of $36.08586 per unit. With respect to units issued to Williams, Williams Partners will not be required to pay distributions for the quarter ended December 31, 2016 and the prorated portion of the first quarter of 2017 up to closing of the private placement.