Citigroup Assumes Williams Companies Inc to Neutral

Brokerage firm Citigroup Assumes its rating on Williams Companies Inc(NYSE:WMB). The shares have been rated Neutral. The rating by Citigroup was issued on Jul 22, 2016.

In a different note, On Jul 21, 2016, Tudor Pickering said it Upgrades its rating on Williams Companies Inc. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, Goldman Sachs said it Reinstates its rating on Williams Companies Inc. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Jefferies said it Maintains its rating on Williams Companies Inc. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm. Bernstein said it Initiates Coverage on Williams Companies Inc, according to a research note issued on May 11, 2016. The shares have been rated ‘Outperform’ by the firm. On May 6, 2016, Raymond James said it Downgrades its rating on Williams Companies Inc. The shares have been rated ‘Market Perform’ by the firm.

Williams Companies Inc (WMB) shares turned negative on Thursdays trading session with the shares closing down -0.2 points or -0.86% at a volume of 72,42,668. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.38. The peak price level was also seen at $23.38 while the days lowest was $22.89. Finally the shares closed at $23.08. The 52-week high of the shares is $55.42 while the 52-week low is $10.22. According to the latest information available, the market cap of the company is $17,322 M.

Williams Companies Inc(WMB) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.66B. Analysts had an estimated revenue of $1.94B. Earnings per share were $0.03. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Ted T Timmermans (Vice President and Controller) sold 1,000 shares at $36.58 per share price.Also, On Aug 5, 2015, Robyn L Ewing (Senior Vice President) sold 3,405 shares at $52.46 per share price.On Jun 24, 2015, Fred E. Pace (Senior Vice President) sold 4,388 shares at $60.58 per share price, according to the Form-4 filing with the securities and exchange commission.

The Williams Companies Inc. is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas natural gas liquids (NGLs) and olefins. The Company operates through three segments: Williams Partners comprised of its consolidated partnership Pre-merger WPZ (Williams Partners L.P.) which includes gas pipeline and midstream businesses; Access Midstream comprised of its consolidated master limited partnership ACMP (Access Midstream Partners L.P.) which includes certain domestic midstream businesses that provide gathering treating and compression services to producers under long-term fee-based contracts and Williams NGL and Petchem Services comprised of certain other domestic olefins pipeline assets and certain Canadian growth projects under development including a propane dehydrogenation facility and a liquids extraction plant.

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