Williams Companies Inc (NYSE:WMB): Can the Stock Surprise in Next Earnings?
Feb 17 2017 by Johnny Bowman
Williams Partners L.P. (NYSE:WPZ) closed 17.29% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends.
During the reported quarter, Williams Companies' capital expenditure was $474 million. Finally, Daiwa Securities Group Inc. raised its position in shares of Williams Cos.by 5.5% in the second quarter. (The) by 5.4% in the third quarter. Shell Asset Management Co. now owns 87,786 shares of the company's stock worth $1,899,000 after buying an additional 21,443 shares during the last quarter. The biggest holder now is Steven J. Malcolm who owns 711,844 shares (0.09% of those outstanding), whilst Joseph H. Williams holds 496,852 (0.06% of shares outstanding) and Phillip D. Wright holds 322,148 (0.04% of shares outstanding). Capital Management Associates NY now owns 32,050 shares of the company's stock worth $693,000 after buying an additional 200 shares during the period. Last year, it had about $2.01 billion of revenue. (The) by 5.5% in the third quarter. Hallmark Capital Management Inc. now owns 4,075 shares of the company's stock valued at $125,000 after buying an additional 100 shares during the period. Hallmark Capital Management Inc. raised its position in shares of Williams Companies, Inc.
Total shares held by institutions as of the most recent company filings are 686,127,231 with a reported 86,646,174 bought and 98,499,758 sold. (The) by 2.1% in the third quarter.
The stock decreased 0.52% or $0.15 during the last trading session, hitting $29.20. Institutional investors and hedge funds own 80.63% of the company's stock. Deutsche Bank AG began coverage on Williams Companies, Inc. (NYSE:WMB) went up 0.35% during trading on the U.S. exchange when it had traded 5.02M shares. Williams Companies, Inc. has a 52-week low of $14.60 and a 52-week high of $32.69. On seventh day of the earnings report price change of the stock was -3.60%. The stock has a market capitalization of $24.07B and it has 816.04M outstanding shares. (NYSE:WMB) last announced its earnings results on Monday, October 31st. If you are accessing this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. The legal version of this news story can be viewed at [[permalink]].
A number of brokerages have issued reports on WMB.
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Williams NGL & Petchem Services:The unit incurred adjusted operating loss of $4 million, narrower than the year-ago quarter loss of $6 million. (The) in a report on Friday, February 10th. The dividend stock is -2.36% off a 52-week high stock price of US$42.32 but is up 210.06% since hitting the US$16.02.
Shares of Williams Companies, Inc. (The) from an "equal weight" rating to an "overweight" rating and set a $35.00 price target for the company in a report on Monday, December 19th.
"Comerica Bank Purchases 3,501 Shares of Williams Companies, Inc". Citigroup Inc. reissued a "neutral" rating and issued a $32.00 price objective (up from $30.00) on shares of Williams Companies, Inc. (The) in a report on Wednesday, January 4th. The company reported $0.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.01. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Finally, RBC Capital Markets reissued a "buy" rating and issued a $39.00 price objective on shares of Williams Companies, Inc.
The energy infrastructure company posted revenue of $2.19 billion in the period. The increase was due primarily to a $338 million increase in adjusted EBITDA from the Williams Partners segment.