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Stock Update: Williams Companies Inc (NYSE:WMB) – Williams to File Amended Disclosure to Proxy Statement

[Business Wire] – The Williams Companies, Inc. today announced that, in connection with settling litigation by a Williams stockholder, it has agreed to file an amended disclosure to its proxy statement in connection with the merger agreement with Energy Transfer Equity, L.P. Read more on this. Williams Companies, Inc. (WMB) , valued at $17.07B, opened this morning at $22.30. During the trading session, WMB traded between $22.20 to $22.82 with the price of the stock fluctuating between $10.22 to $61.38 over the last 52 weeks. Williams (WMB) shares are currently priced at 24.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -10.62x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.56 per share annually in dividends, yielding 12.09%. Consensus earnings for the current quarter by the 6 sell-side analysts covering the stock is an estimate of $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 predicated on a consensus revenue forecast of $1.91 Billion. If reported, that would be a 3.80% increase over the year-ago quarter. More recently, Raymond James downgraded WMB from Outperform to Mkt Perform (May 6, 2016). Previously, Jefferies upgraded WMB from Hold to Buy. Investors should keep in mind is that the average price target is $26.50, which is 18.83% above where the stock opened this morning. See more in (NYSE:WMB) Similar Articles: Company Update: Williams Companies Inc (NYSE:WMB) – Leading Proxy Advisory Firm ISS Recommends Williams Stockholders Vote “FOR” the Merger Agreement with ETE Stock Update: Williams Companies Inc (NYSE:WMB) – Williams Reports First Quarter 2016 Financial Results Stock Update: Williams Companies Inc (NYSE:WMB) – Williams Partners, Shell and Nexen Reach Agreement on Deepwater Gulf Project
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