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Stock Update: Williams Companies Inc (NYSE:WMB) – Williams Reports First Quarter 2016 Financial Results

[Business Wire] – Williams today announced first quarter 2016 adjusted EBITDA of $1.056 billion, a $138 million, or 15 percent, increase from first quarter 2015. The increase was driven primarily by Williams Partners’ adjusted EBITDA, which increased $143 million for the quarter. Read more on this. Williams Companies, Inc. (WMB) , currently valued at $14.43B, opened this morning at $19.11. Looking at today’s market, WMB one day range is $18.35 to $19.43 with its 52-week range being $10.22 to $61.38. WMB shares are currently priced at 19.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.39x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.56 per share annually in dividends, yielding 13.20%. According to a consensus of 8 analysts, the earnings estimate of $0.22 per share would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $0.98, which would be a $0.44 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.94 Billion. If realized, that would be a 12.79% increase over the year-ago quarter. More recently, Jefferies upgraded WMB from Hold to Buy (Dec 18, 2015). Previously, Scotia Howard Weil downgraded WMB from Sector Outperform to Sector Perform. The average price target for WMB shares is $24.31, which is 27.21% above where the stock opened this morning. See more in (NYSE:WMB) Similar Articles: Stock Update: Williams Companies Inc (NYSE:WMB) – Williams Partners, Shell and Nexen Reach Agreement on Deepwater Gulf Project Market Update: Williams Companies Inc (NYSE:WMB) – Williams Announces Filing of Its Annual Report on Form 10-K 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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