Williams Companies Inc
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What is XLE? Exploring Midstream Energy Company Exposure
Companies in the midstream sector that are included in the XLE portfolio include Kinder Morgan, Oneok, the Williams Company, and Spectra Energy.
XLE Outperforms USO Last Week
The Energy Select Sector SPDR ETF (XLE) fell 0.66% in the week ended September 11. XLE tracks a diverse group of 45 of the largest American energy stocks in the S&P 500 Index (SPX).
Chesapeake Bankruptcy Rumors Take a Toll on Williams Companies
Chesapeake Energy (CHK) opened 50% lower in yesterday’s early trading on the rumor that the company is working with advisors to pursue bankruptcy.
An investor’s guide to MLPX and its holdings, like Spectra Energy
The Global X MLP & Infrastructure ETF (MLPX) tracks the Solactive MLP & Energy Infrastructure Index. The index consists of midstream energy infrastructure MLPs and corporations.
What Will Arbs Think of the MRD-RRC Deal?
This transaction is a classic merger arb core position. The companies are reasonably big and liquid and the deal makes strategic sense. It’s fairly safe.
What WMB’s Current Valuation Tells Us
Williams Companies (WMB) was trading at an EV-to- EBITDA multiple of 11.0x on November 15, 2017.
Midstream Companies’ Performances: Sales and Gross Profit
In fiscal 3Q15, the gross profit of frontline midstream operator Williams Companies (WMB) fell 28.6% on a YoY basis. Williams Companies’ sales grew by 11.3%.
Is Williams Companies a ‘Buy’ at Current Price Levels?
Williams Companies’ forward EV-to-EBITDA multiple was 11.7x as of July 18, 2017—below the historical five-year average of 13.2x.
Why Kinder Morgan’s 2Q15 Earnings per Share Estimate Is Low Again
Kinder Morgan (KMI) beat analysts’ 1Q15 earnings per share estimate, but Wall Street lowered its 2Q15 estimate to $0.191 compared to $0.216 in 1Q15. That’s a decrease of 11.6%.
WMB’s Trading below Historical Levels: Reading the Clues
Williams Companies’ current EV-to-adjusted-EBITDA is below the past-eight-quarter average of 14.8x.
Sunoco Logistics’ 4Q14 Earnings Fell Short of Estimates
In 4Q14, Sunoco’s adjusted revenues fell short of estimates by ~19%.
How Dividend Increase Could Affect Williams Companies Stock
Williams Companies (WMB) opened ~2% higher on Tuesday, February 21, 2017, after it announced a 50% increase in dividends from $0.20 per share to $0.30 per share.
Snapshot: Valuing Williams Companies compared to its peers
Enterprise Products Partners (EPD) is the largest company by market capitalization and enterprise value, or EV, among its closest peers. By market cap, Williams Companies (WMB) follows next.
Where Williams Companies Could Trade in the Next 7 Days
Williams Companies is expected to trade at $29.18–$30.78 in the next seven days based on its closing price of $29.98 on September 27.
Will Kinder Morgan Stock Continue to Trade Weak?
Kinder Morgan is trading below its 50-day and 200-day moving average levels. The stock temporarily crossed above the 50-day moving average on September 25.
Phillips 66’s Midstream segment volumes are on track
Midstream’s earnings recovery in year-to-date 2014 was aided by higher natural gas liquids (NGL) prices.
Will the MRD-RRC Deal Get Competitive?
Range Resources’ (RRC) offer of $15.75 per share was a 17% premium to Memorial Resource Development’s (MRD) price before the deal was announced.
Are Institutional Investors Bullish on Williams Partners?
The number of institutional holders in Williams Partners (WPZ), the midstream MLP subsidiary of Williams Companies (WMB), increased to 355 by the end of the fourth quarter compared to 340 in the previous quarter.
Why Williams Companies’ Valuation Has Been on the Rise
Williams Companies’ forward EV-EBITDA multiple, which is based on the current fiscal quarter’s EBITDA estimates, is 13.1x.
Kinder Morgan: Analysts’ Views and Target Price
Kinder Morgan is trading at a forward EV-to-EBITDA valuation multiple close to 10.3x, which is lower than many of its peers.
Does Williams Companies’ Valuation Mean a Buying Opportunity?
In the previous part of this series, we saw the technical indicators for Williams Companies (WMB).
Energy Transfer Partners: Sharp Decline in Crude Oil Prices
The one-year correlation coefficient between Energy Transfer Equity and crude oil was 0.49 as of July 11.
What Williams Companies’ Technical Indicators Suggest
Williams Companies’ moving averages Williams Companies (WMB) recently moved above its 200-day moving average, indicating bullishness. WMB was trading 5.5% above its 50-day SMA (simple moving average) and 2.3% below its 200-day SMA as of December 27, 2017. In comparison, peers Energy Transfer Equity (ETE) and Kinder Morgan (KMI) were trading 0.8% and 2.3% above their […]
ETE and WMB: Midstream Giants’ Earnings Growth
Williams Companies (WMB) has very small exposure to the Permian Basin. The company displayed flattish EBITDA growth in the first half of 2018.
What Might Cap Rising Crude Oil Prices?
The US crude oil (USO) supply includes domestic production and imports. The supply gets consumed as inputs to refineries and exports.
It’s a ‘Buy’ for Both Williams Companies and Williams Partners
At a broader level, 74.0% of analysts rate Williams Companies (WMB) a “buy,” and the remaining 26.0% rate it a “hold” as of August 2, 2017.
WMB’s Analyst Price Targets: Gauging the Upside Potential
Among the analysts covering Williams Companies’ stock, 53.0% of the analysts have recommended a “buy,” and the remaining 47.0% have recommended a “hold.”
A Look at Williams Companies’ Price Forecast amid Uncertainty
Williams Companies’ implied volatility Williams Companies’ (WMB) 30-day implied volatility was 22.8% as of June 14, 2017. Peers Energy Transfer Equity (ETE), ONEOK (OKE), and Kinder Morgan (KMI) had implied volatility of 32.5%, 22.6%, and 20.1%, respectively, as of June 14. In comparison, the Alerian MLP ETF (AMLP) has implied volatility of 17.5%. Williams Companies’ […]
ETE, EPD, KMI, and WMB: What the Current Valuations Indicate
Kinder Morgan (KMI) is currently trading at a forward EV-to-EBITDA multiple of nearly 11.4x. This is much lower than its five-year average multiple of nearly 17.4x.
Is Williams Companies Undervalued Currently?
WMB’s valuation has picked up since the merger termination with Energy Transfer Equity (ETE) and a few key announcements in recent months.
Enterprise Products Has Outperformed Its Peers in 2018
So far, Enterprise Products Partners (EPD) has risen ~9% in 2018. The company has outperformed its peers in the midstream sector.
SPY Jumped 1.6%, Rise in Oil Prices Bolstered US Equities
January 14, 2016, saw a rally in the US equities represented by SPY and SPXL. The US dollar rose as the market showed optimism and oil prices picked up.
More than 70% of the Analysts Rate ONEOK as a ‘Hold’
Of the analysts surveyed by Reuters, 71% rated ONEOK (OKE) as a “hold.” Nearly 23% rated ONEOK as a “buy,” while 6% rated it as a “sell.”
Why Energy Transfer Equity Has the Highest Leverage among Peers
ETE’s net-debt-to-EBITDA ratio stood at 6.9x at the end of 2Q17, followed by WMB’s and PAGP’s ratios of 5.1x and 4.8x, respectively, as of June 30.
Must-know highlights of Citadel Advisors’ 2Q14 positions
Citadel Advisors’ 2Q14 portfolio was worth $73.4 billion, up from $72.5 billion in 1Q14. The total portfolio has over 3000 stocks.
Must-know: Williams Companies compared to its peers
WMB’s LTM debt to EBITDA is one of the highest in the group because it has the lowest EBITDA. It also has one of the highest debt levels. This is a concern for investors.
ETE and WMB: Analysts’ Recommendations
According to analysts, Energy Transfer Equity (ETE) stock has a median target price of $21.53—compared to its current market price of $17.40.
Oil Prices Fell, Dragged Top Midstream Companies Last Week
Crude oil prices fell more than 10% in the week ending November 23. The top midstream companies also fell last week.
Columbia Pipeline’s Assets Complement TransCanada’s Footprint
Columbia Pipeline Group has extensive assets in the attractive Marcellus and Utica shale regions. TransCanada expects to benefit from this presence.
Must-know: An overview of Williams Companies
Williams Companies Inc. (WMB) engages in the energy transport and processing infrastructure business. WMB’s assets are mainly located in the U.S. However, it has operations in Canada.
Kinder Morgan: Analysts Cut the Target Price Last Week
Kinder Morgan (KMI) stock is trading 7% and 9% below its 50-day and 200-day moving averages, respectively.
PAA, WMB, and OKE: Midstream Stocks Rose Last Week
Last week, Plains All American Pipeline (PAA), Williams Companies (WMB), and ONEOK (OKE) rose 2.5%, 2.3%, and 1.9%, respectively.
Drivers behind Williams Companies’ Recent Market Performance
William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. WMB has fallen 3.3% since the beginning of 2017.
The Stocks of ONEOK Soared Owing to Its 2016 Outlook
The stocks at the top of the SPDR S&P 500 ETF (SPY) on Monday, December 21, 2015, were ONEOK (OKE), Tenet Healthcare (THC), and Consol Energy (CNX).
Williams Companies’ Analysts Are Leaning This Way as of July 11
As of July 11, 2017, 65% of analysts surveyed by Reuters are rating Williams Companies (WMB) a “buy,” while the remaining 35.0% are rating it a “hold.”
MLPs Have Outperformed Broader Markets So Far in 2019
Top MLP and midstream stocks have performed strongly so far in 2019. Stocks surged across the board.
Will ONEOK’s 2Q16 Results Contribute to Its Outperformance?
ONEOK (OKE) has generated total returns of 86% so far in 2016. In comparison, KMI, OKS, and WMB have generated total returns of 35%, 40%, and -0.2%, respectively.
EPD and MPLX Have High Earnings Growth
Kinder Morgan’s adjusted EBITDA grew 7% YoY in the second quarter. The EBITDA grew at an average rate of 4% over the last six quarters.
Is Kinder Morgan Stock Undervalued?
Kinder Morgan’s lower forward EV-to-EBITDA multiple indicates that the stock might be undervalued. Kinder Morgan’s EV-to-EBITDA multiple is 9.6x.
Magnetar decreases stakes in American Airlines
Magnetar reduced its position in AAL in the third quarter. The position accounts for 1.17% of the fund’s total portfolio in the third quarter.
BlackRock Added a Major Position in Williams Companies
Of the analysts, 71.4% rate Williams Companies as a “buy,” while 28.6% rate it as a “hold” as of February 23, 2018.
Energy Transfer’s 4Q16 Earnings Are Important for Investors
Energy Transfer has taken an important step to simplify its organizational structure by announcing the merger of ETP and SXL.
Spectra Energy’s distribution and western Canada assets
In this section, we’ll look into the company’s assets in the distribution and western Canada transmission & processing segments.
Is Kinder Morgan a ‘Buy’ Ahead of Its Q1 Results?
Around 76% of Reuters-surveyed analysts have rated Kinder Morgan (KMI) as a “buy” or a “strong buy” as of April 9.
Williams Outperformed AMLP and SPY Last Week
Williams Companies (WMB) rose 1.2% last week, as compared to the Alerian MLP ETF’s (AMLP) 0.9% rise and the SPDR S&P 500 ETF’s (SPY) 2.2% rise.
Among KMI, OKE, and WMB, Which Stock Do Analysts Recommend?
Of the three midstream companies we’re discussing in this series, Kinder Morgan (KMI) has the most “buy” recommendations from analysts.
ETP, EEP, DM: MLP Sector Mergers Continue in Third Quarter
There were quite a few MLP merger announcements in the third quarter.
Energy Sector Led the S&P 500 Lower on February 16
After a brief decline on Wednesday, the S&P 500 energy sector lost strength and fell on February 16. The rise in crude oil inventories dented the sentiment.
60% of Top Midstream Companies Have Lower Mean Price Targets Now
Six out of the top ten midstream companies currently have a lower mean price target than they had a year ago.
How Do Analysts View Energy Transfer Equity?
At a broad level, 50.0% of analysts rate Energy Transfer Equity as a “hold,” 41.7% rate it as a “buy,” and the remaining 8.3% rate it as a “sell.”
Magnetar Raises Its Position in Williams Companies
Magnetar raised its stake in Williams Companies during the fourth quarter by purchasing 1.5 million shares. It represents 2.59% of the fund’s 4Q14 portfolio.
What Do Analysts Recommend for WMB and WPZ?
On a broader level, 57.1% of analysts rate Williams Companies as a “buy,” 35.7% rate it as a “hold,” and 7.2% rate it as a “sell.”
Analyst Ratings: WMB Has the Most ‘Buys,’ WGP the Most ‘Holds’
In this article, we’ll look at the analyst recommendations for the four peers in this series. Let’s start with Energy Transfer Equity (ETE).
ETE Recovered with Crude Oil: Can It Gain Upward Momentum?
Energy Transfer Equity (ETE) has risen 4.7% in the last three trading sessions due to the recovery in crude oil prices.
Why Did Williams Partners Surge in the Past Month?
Williams Partners (WPZ) has returned -0.2% since the beginning of 2016. But it has rallied 55.9% in the past one month.
ETE Is Outperforming WMB Year-to-Date: Will the Trend Continue?
The entire midstream energy sector, including Energy Transfer Equity and Williams Companies, has bounced back significantly from its March lows.
Which Midstream Stocks Generated the Most Returns in Q1?
NGL Energy Partners (NGL) generated total returns, including price appreciation and dividends, of ~50% in the first quarter.
SPY Falls 2.51% on Global Uncertainty
The SPDR S&P 500 ETF (SPY) fell by 2.51% on Monday, September 28, 2015, while the Direxion Daily S&P 500 Bull 2X ETF (SPUU) fell by 4.95%.
Why Williams Companies Has the Highest EV-to-EBITDA among Peers
Williams Companies has the highest consensus forward EV-to-EBITDA multiple of 13.0x among its peers.
MLP analysis: A must-know overview of Access Midstream Partners
Access Midstream Partners LP (ACMP) is a master limited partnership that provides natural gas gathering and processing services under long-term fixed-fee contracts.
Here’s What Makes MPLX an Interesting Stock
MPLX generated total returns, including distributions, of 17% in the last year. Its total returns over five years stand at 28%.
KMI, EPD, ETE, and OKE: Key Midstream Rating Updates
Credit Suisse gave a “neutral” rating to Magellan Midstream Partners (MMP), ONEOK (OKE), and Sunoco (SUN).
Energy Transfer Equity Fell Due to the WMB Merger Announcement
Energy Transfer Equity (ETE) was the worst performer among midstream MLPs at the end of trading on Monday, September 28. It fell 12.69%.
How US Crude Oil Storage Utilization Has Reached 60% of Capacity
The U.S. Energy Information Administration and Genscape, a market intelligence company, state that US crude oil storage utilization is at just over 60% of total storage capacity.
MLPs Fall on a Ruling in Favor of Sabine Oil & Gas
In the highly observed Sabine bankruptcy case, Judge Shelley Chapman ruled in favor of Sabine Oil & Gas. Sabine Oil & Gas filed for bankruptcy in July 2015.
Why TransCanada’s major projects are part of its capital program
TransCanada Corp’s (TRP) growth strategy includes a $38 billion capital program. The $38 billion capital program includes $12 billion in small to medium-sized projects and $26 billion in large scale projects.
How the Midstream Sector Could React if CHK Restructures
If CHK needs to restructure, creditors might demand a renegotiation of contracts with CHK’s midstream partners such as Williams Companies (WMB).
What Analysts Are Recommending for Williams Companies
At a broader level, 60.0% of analysts rate Williams Companies (WMB) a “buy,” 26.7% rate it a “hold,” and the remaining 13.3% rate it a “sell.”
Must-know: The proposed ACMP-WPZ merger’s benefits
On October 26, WMB amended its ACMP-WPZ merger proposal. WPZ will merge into a subsidiary of ACMP at a ratio of 0.86672 common ACMP units for every WPZ common unit.
How MMP’s Organic Projects Are Driving Its Growth
A major chunk of Magellan Midstream Partners’ (MMP) expansion capital spending since 2006 has been on organic projects.
MLPs and Midstream Stocks: Gains and Losses Last Week
Cheniere Energy Partners, Magellan Midstream Partners, and Noble Midstream Partners were among the biggest gains last week.
What Analysts Recommend for Williams Partners
On a broad level, 53.9% of analysts rate Williams Partners as a “buy” and the remaining 46.2% rate it as a “hold.” The MLP has no sell recommendations.
KYN, TYG, CEM: How MLP Closed-End Funds Have Performed in 2018
The Kayne Anderson MLP/Midstream Investment Company (KYN) has generated YTD returns of -3.5%.
Are Analysts Bullish on Targa Resources?
On November 19, U.S. Capital Advisors raised its rating for Targa Resources (TRGP) to “overweight” from “hold.”
Energy Transfer: Analysts’ Views and Target Prices
Based on analysts’ estimates, Energy Transfer (ET) stock has a target price of $20.83—compared to its current market price of $15.28.
Midstream Stocks Underperformed the Broader Markets Last Week
Energy sector stocks tumbled in the week ended October 26. The midstream sector underperformed the broader markets.
Could Energy Transfer Equity Stock Regain Upward Momentum?
In this series, we’ll discuss whether ETE could regain upward momentum.
Williams Partners Got Upgrade after Financial Repositioning
Williams Partners (WPZ) was upgraded by Raymond James from “market perform” to “strong buy” last week.
Why Are Cushing Crude Oil Stocks Crushing Crude Oil Prices?
The EIA reported that Cushing crude oil stocks rose by 523,000 barrels to 64.7 MMbbls for the week ending February 5, 2016—the highest number since April 2004.
ETP Continued to Beat Analyst Estimates in 4Q17
Energy Transfer Equity and its subsidiary, Energy Transfer Partners, reported 4Q17 earnings on February 21, 2018.
Why MPLX’s 6.6% Yield Is Attractive
Enterprise Products Partners and MPLX’s distributions have been on an upward trend. However, MPLX’s distributions grew faster.
Williams Companies’ Winning Streak Continued Last Week
Williams Companies (WMB) continued its winning streak last week with a rise of 2.6%.
TransCanada Reported Strong Q4 Results, Raised Dividends 8.7%
TransCanada (TRP) reported its fourth-quarter results on February 14. The company reported 32% growth in its comparable earnings.
Why Williams Companies bets big on long-term capital projects
Williams Companies (WMB) has $30 billion in total committed and potential capital investments in Williams Partners (or WPZ) and Access Midstream Partners (or ACMP).
Why Top Midstream Stocks Gained while Oil Prices Fell Last Week
Crude oil prices fell 6.6% last week. Despite the fall, most of the top midstream stocks managed to be in the green for the week.
Could a consolidated Kinder Morgan affect your portfolio?
Kinder Morgan Inc. (KMI) plans to consolidate Kinder Morgan Energy Partners (KMP), El Paso Pipeline (or EPB) and Kinder Morgan Management (or KMR) with itself. Of these, KMP and EPB are master limited partnerships (“MLPs”).
Why Williams Companies Is Outperforming Peers in 2017
Plains GP Holdings (PAGP) was the most battered last month of the four in our peer group, witnessing a new YTD (year-to-date) low of $19.8 in August.
KMI, OKE, and WMB: Top S&P 500 Dividend Stocks
Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) are currently trading at yields of ~4.5%, 4.6%, and 5.0%, respectively.
A snapshot of Kinder Morgan
Kinder Morgan (KMI), a Houston-based energy company, is one of the largest midstream operators and energy infrastructure companies in the United States.
ONEOK Has the Second-Highest Correlation with Crude Oil
ONEOK (OKE), an S&P 500 midstream C corporation, has the second-highest correlation with crude oil among midstream companies.
