Entering text into the input field will update the search result below

Williams, Williams Partners resumed at Neutral at Citigroup

Jul. 22, 2016 3:15 PM ETThe Williams Companies, Inc. (WMB) StockWMB, WPZBy: Carl Surran, SA News Editor10 Comments
  • Williams Cos. (WMB -0.8%) and Williams Partners (WPZ -0.7%) are resumed with Neutral ratings at Citigroup, which views the Williams complex as a relatively inexpensive valuation balanced by a need for reduced payouts and balance sheet right-sizing.
  • Citi's Faisel Khan expects WMB to cut its quarterly dividend to $0.20, a 69% reduction, and WPZ to whack its distribution to $0.50, a 41% reduction; Khan thinks a distribution cut would provide much needed flexibility and allow WPZ to maintain its investment grade credit rating.
  • Khan believes electing directors with industry experience and a track record of capital discipline are critical coming out of November's shareholder meeting, after earlier letters of resignation from activist board members were critical of current management and the resignation of other members cast some doubt over WMB's management team.

Recommended For You

About WMB Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
WMB--
The Williams Companies, Inc.