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Company Update: Williams Companies Inc (NYSE:WMB) – Williams and Williams Partners Announce 2016 Capital and Financing Plan, Cost Reductions and Fourth Quarter Operational Update

[Business Wire] – Williams and Williams Partners today announced Williams Partners 2016 growth capital funding needs total $2 billion, down approximately $1 billion, or 32 percent, from the partnership’s previous plans. Read more on this. Williams Companies , Inc. (WMB) , currently valued at $14.28B, started trading this morning at $19.18. During today’s session, WMB traded between $18.98 to $21.79 with the price of the stock fluctuating between $12.77 to $61.38 over the last 52 weeks. WMB shares are currently priced at 27.80x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.54x earnings multiple. The company pays shareholders $2.56 per share in dividend income per year, for a current yield of 12.97%. Consensus earnings for the current quarter by the 6 sell-side analysts covering the stock is an estimate of $0.25 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.71, which would be a $0.09 setback 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 $1.96 Billion. If realized, that would be a 8.41% decrease over the year-ago quarter. Recently, Jefferies upgraded WMB from Hold to Buy (Dec 18, 2015). Previously, Scotia Howard Weil downgraded WMB from Sector Outperform to Sector Perform. When considering if the stock is under or overvalued, the average price target is $39.29, which is 104.85% above where the stock opened this morning. See more in (NYSE:WMB) Similar Articles: Market Update (NYSE:WMB): Williams Partners Reports Third-Quarter 2015 Financial Results Company Update (NYSE:WMB): WILLIAMS COMPANIES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Williams Companies, Inc. Company Update: Williams Companies Inc (NYSE:WMB) – Williams Reports Second-Quarter 2015 Financial Results
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