Williams Companies (NYSE: WMB – Get a rating) had its price target raised by TD Securities from $38.00 to $39.00 in a report on Wednesday, BayStreet.CA reports. The company currently has a buy rating on shares of the pipeline company.
WMB has been the subject of a number of other reports. Truist Financial assumed coverage for the Williams Companies in a Monday, May 2, report. They issued a buy rating and a price target of $37.00 for the company. Mizuho raised his price target on shares of Williams Companies from $39.00 to $40.00 and gave the company a Buy rating in a research report on Wednesday. Raymond James raised his price target on shares of Williams Companies from $36.00 to $40.00 and gave the company a strong buy rating in a Wednesday, April 20 research report. US Capital Advisors reaffirmed a hold rating on shares of Williams Companies in a Wednesday, June 1 research report. Finally, Wells Fargo & Company raised its price target on Williams Companies shares from $39.00 to $40.00 and gave the company an overweight rating in a research report on Wednesday. Five research analysts gave the stock a hold rating, nine gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company currently has a Moderate Buy consensus rating and an average target price of $35.92.
Williams Companies Stock Performance
NYSE WMB opened at $32.22 on Wednesday. The company has a market capitalization of $39.26 billion, a price/earnings ratio of 25.17, a PEG ratio of 6.14 and a beta of 1.19. Williams Companies has a 12-month low of $23.53 and a 12-month high of $37.97. The stock has a fifty-day simple moving average of $32.79 and a 200-day simple moving average of $32.81. The company has a quick ratio of 0.69, a current ratio of 0.65 and a debt ratio of 1.51.
Williams Companies (NYSE: WMB – Get a rating) last released its quarterly earnings data on Monday, August 1. The pipeline company reported earnings per share of $0.33 for the quarter, missing analyst consensus estimates of $0.37 per ($0.04). The company posted revenue of $2.49 billion in the quarter, versus analyst estimates of $2.42 billion. Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. The company’s revenue for the quarter increased 9.1% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.27. Sell-side analysts expect Williams Companies to post 1.52 EPS for the current year.
Williams Companies announces dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 26. Investors of record on Friday, September 9 will receive a dividend of $0.425. The ex-date of this dividend is Thursday, September 8. This represents an annualized dividend of $1.70 and a yield of 5.28%. The Williams Companies payout ratio is 132.81%.
Insider Activity at Williams Companies
In related news, please Debbie L. Cowan sold 36,228 shares of the company in a transaction dated Wednesday, June 8. The shares were sold at an average price of $37.75, for a total value of $1,367,607.00. Following the transaction, the senior vice president now owns 62,891 shares of the company, valued at approximately $2,374,135.25. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. 0.43% of the shares are held by insiders.
Institutional investors weigh in on Williams companies
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Riverview Trust Co purchased a new stake in Williams Companies in Q1 worth approximately $27,000. Clearstead Advisors LLC bought a new stake in Williams Companies in Q1 valued at around $28,000. Total Clarity Wealth Management Inc. acquired a new stake in Williams Companies in Q2 valued at approximately $26,000. American National Bank increased its stake in the shares of Williams Companies by 63.6% during the 1st quarter. American National Bank now owns 908 shares of the pipeline company worth $30,000 after buying 353 more shares in the last quarter. Finally, Atwood & Palmer Inc. increased its stake in the shares of Williams Companies by 306.4% during the 1st quarter. Atwood & Palmer Inc. now owns 951 shares of the pipeline company worth $32,000 after buying 717 additional shares in the last quarter. Hedge funds and other institutional investors own 86.10% of the company’s shares.
Company Profile Williams Companies
The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through the Transmission & Gulf of Mexico, Northeast G&P, West and Gas & LGN Marketing Services segments. The Transmission and Gulf of Mexico segment includes the Transco and Northwest gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and commodity pipelines.
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