For shareholders of Williams Companies Inc (NYSE:WMB), this has been quite the horrible month. The stock, which stood at $26.33 on January 5, has fallen over 50% to just $12.81 per share. It has been a downward spiral since the 5th of the month, and this has left shareholders wondering when the tumble will level off.
Today, the stock has fallen quite hard, on volume close to four times the daily average. The combination of oil prices continuing to fall, combined with recent downgrades of Williams Companies Inc (NYSE:WMB) credit ratings and stock has left investors a bit weary of putting their money into the company. It has also left investors concerned about the Energy Transfer Equity (ETE) – Williams deal that was announced back in September. With both stocks falling substantially as of late, and credit ratings taking a hit, some investors are wondering if the deal will ever be complete.
The stock is down 22.55% or $3.73 following the news, hitting $12.81 per share. About 37.66 million shares traded hands or 138.35% up from the average. WMB has declined 65.66% since June 9, 2015 and is downtrending. It has underperformed the S&P500 by 58.18%.
From a total of 3 analysts covering Williams Companies Inc. (NYSE:WMB) stock, 1 rate it a “Buy”, 0 a “Sell”, and 2 a “Hold”. This means that 33% of the ratings are positive. The highest target price is $49.98 while the lowest target price is $35. The mean of all analyst targets is $43.66 which is 240.83% above today’s ($12.81) stock price. Williams Companies Inc. was the topic of 8 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Jefferies upgraded shares on December 18 to a “Buy” rating. Wells Fargo downgraded WMB stock in a recent report from September 10 to a “Market Perform” rating.
The institutional sentiment decreased to 0.91 in Q2 2015. It’s down 0.04, from 0.95 in 2015Q2. The ratio dived, as 121 funds sold all their Williams Companies Inc shares they owned while 270 reduced their positions. 63 funds bought stakes while 291 increased their total positions. Institutions now own 564.14 million shares which is 10.75% less than the previous share count of 632.12 million in 2015Q2.
Corvex Management Lp holds 18.05% of its total portfolio in Williams Companies Inc, equating to 41.68 million shares. Perry Corp owns 8.36 million shares representing 12.15% of their total US portfolio. Moreover, Seastone Capital Management L.P. has 7.94% of their total portfolio invested in the company, equating to 659,300 shares. The Tennessee-based Chickasaw Capital Management Llc has a total of 7.45% of their portfolio invested in the stock. Ecofin Ltd, a United Kingdom-based fund reported 949,901 shares owned.
Since March 5, 2015, the stock had 0 insider purchases, and 1 insider sale for a total of $178,626 in net activity. Ewing Robyn L sold 3,405 shares worth $178,626. Pace Fred E. sold 4,388 shares worth $265,694. Scheel James E. sold 26,591 shares worth $1.61M. Billings Francis E. sold 66,694 shares worth $3.52M. The insider Perilloux Brian L. sold 20,105 shares worth $983,738.
The Williams Companies, Inc. is an energy infrastructure firm focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids , and olefins. The company has a market cap of $11.49 billion.