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Stock Update: Williams Companies Inc (NYSE:WMB) – Three out of Four Leading Proxy Advisory Firms – ISS, Egan-Jones and Pensions & Investment Research Consultants – Recommend Williams Stockholders Vote “FOR” the Merger Agreement with ETE

[Business Wire] – The Williams Companies, Inc. today announced that three out of four of the leading proxy advisory firms – Institutional Shareholder Services , Egan-Jones Proxy Services and Pensions & Investment Research Consultants Limited , Europe’s largest independent corporate governance and shareholder advisory consultancy – recommend that Williams stockholders vote “FOR” the proposed transaction with Energy Transfer … Read more on this. Williams Companies, Inc. (WMB) , with a current value of $17.03B, started the session at $22.69. Looking at the equity, the company’s one day range is $22.31 to $22.91 with the price of the stock fluctuating between $10.22 to $61.38 over the last 52 weeks. Priced at 24.76x this year’s forecasted earnings, WMB shares are relatively expensive compared to the industry’s -21.14x forward p/e ratio. The company pays shareholders $2.56 per share annually in dividends, yielding 11.36%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $0.91, which would be a $0.37 improvement when compared to the last 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. In terms of ratings, Raymond James downgraded WMB from Outperform to Mkt Perform (May 6, 2016). Previously, Jefferies upgraded WMB from Hold to Buy. The average price target for WMB shares by the analysts covering it is $26.50, which is 16.79% above where the stock opened. 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 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
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