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Company Update: Williams Companies Inc (NYSE:WMB) – Leading Proxy Advisory Firm ISS Recommends Williams Stockholders Vote “FOR” the Merger Agreement with ETE

[Business Wire] – The Williams Companies, Inc. today announced that Institutional Shareholder Services , a leading independent proxy voting and corporate governance advisory firm, recommends that Williams stockholders vote “FOR” the merger agreement with Energy Transfer Equity, L.P. Read more on this. Williams Companies, Inc. (WMB) , with a current market cap of $16.67B, began trading this morning at $21.00. During the trading session, WMB traded between $20.88 to $22.38 and has traded between $10.22 and $61.38 over the past 12 months. Priced at 23.27x this year’s forecasted earnings, WMB shares are relatively expensive compared to the industry’s -10.62x forward p/e ratio. The company pays shareholders $2.56 per share annually in dividends, yielding 11.62%. In a review of the consensus earnings estimate this quarter, 6 sell-side analysts are looking at $0.29 per share, which would be $0.14 better than the year-ago quarter and a $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.91 would be a $0.37 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.91 Billion. If realized, that would be a 3.80% increase over the year-ago quarter. Recently, Raymond James downgraded WMB from Outperform to Mkt Perform (May 6, 2016). Previously, Jefferies upgraded WMB from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $26.50, which is 26.19% above than it opened this morning. See more in (NYSE:WMB) Similar Articles: Market Update (NYSE:WMB): Energy Transfer-Williams Companies merger approved with conditions Stock Update: Williams Companies Inc (NYSE:WMB) – Williams Partners, Shell and Nexen Reach Agreement on Deepwater Gulf Project Company Update: Williams Companies Inc (NYSE:WMB) – Williams and Williams Partners Announce 2016 Capital and Financing Plan, Cost Reductions and Fourth Quarter Operational Update
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