Is Williams Cos (NYSE:WMB) Now a Good Investment? Jefferies Upgrades Stock


Williams Cos (NYSE:WMB) Stock Upgrade

In recent note issued to clients on Friday, 18 December, investment advisers at the equities division of Jefferies raised their rating for shares of Williams Cos (NYSE:WMB) from a “Hold” to a solid “Buy”. They now have a $43.0 target price on WMB or a 81.43% upside from the current share price.

From a total of 6 analysts covering Williams Companies Inc. (NYSE:WMB) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $60 while the lowest target price is $35. The mean of all analyst targets is $43.17 with a 83.81% above today’s ($22.3) stock price. Williams Companies Inc. was the topic of 7 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Howard Weil downgraded shares on September 29 to “Sector Perform” rating. Argus Research maintained WMB stock in a recent report from August 12 with “Buy” rating.

Approximately 8.70 million shares of stock traded hands. Williams Companies Inc (NYSE:WMB) has declined 55.95% since May 15, 2015 and is downtrending. It has underperformed by 52.14% the S&P500.

The overall sentiment of institutions has decreased to 0.91 in Q2 2015. Its down 0.04, from 0.95 in 2015Q2. The ratio fall, as 121 institutions have sold all the shares of Williams Companies Inc that they owned while 270 funds have taken shares off the table. 63 funds have purchased shares for the first time while 291 added to their positions. These institutions now hold 564.14 million shares or 10.75% less than the 632.12 million shares they owned in 2015Q2.

The Fund Corvex Management Lp currently is holding shares equating to 18.05% of its total portfolio in Williams Companies Inc representing a total of 41.68 million shares. Another fund,Perry Corp, is holding a total of 8.36 million shares equating to 12.15% of their holdings. Additionally, Seastone Capital Management L.P. has a 659,300 share stake in Williams Companies Inc which represents 7.94% of their total portfolio. The Fund, Chickasaw Capital Management Llc, based out of Tennessee, has also built up a stake in the stock, which represents a total of 7.45% of their total portfolio. Finally Ecofin Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 949,901 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of Williams Companies Inc have witnessed 0 insider buys, and a total of 4 selling transactions equating to a net activity of approximately $2.25 million . Ewing Robyn L sold 3,405 shares worth approximately $178,626. Pace Fred E. sold 4,388 shares worth approximately $265,694. Scheel James E. sold 26,591 shares worth approximately $1.61M. Billings Francis E. sold 66,694 shares worth approximately $3.52M. The company 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 $18.61 billion.

According to Zacks Investment Research, “Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Oklahoma, Williams’ operations span the energy value chain from wellhead to burner tip.”