Analysts Set The Williams Companies, Inc. (NYSE:WMB) Target Price at $35.64

The Williams Companies, Inc. (NYSE:WMBGet Rating) has earned a consensus rating of “Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.64.

WMB has been the subject of several research analyst reports. Mizuho upped their price target on Williams Companies from $35.00 to $39.00 in a research note on Wednesday, May 4th. Credit Suisse Group upped their price target on Williams Companies from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 16th. TD Securities upped their target price on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, May 4th. Barclays upped their target price on Williams Companies from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 23rd. Finally, Truist Financial started coverage on Williams Companies in a research report on Monday, May 2nd. They issued a “buy” rating and a $37.00 target price for the company.

Shares of NYSE:WMB opened at $36.02 on Friday. The firm has a market capitalization of $43.87 billion, a PE ratio of 30.02, a P/E/G ratio of 6.76 and a beta of 1.17. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.69. The business has a 50-day moving average of $34.30 and a two-hundred day moving average of $30.71. Williams Companies has a 12 month low of $23.53 and a 12 month high of $37.05.

Williams Companies (NYSE:WMBGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The pipeline company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $3.19 billion. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, research analysts anticipate that Williams Companies will post 1.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Investors of record on Friday, June 10th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, June 9th. Williams Companies’s dividend payout ratio is currently 141.67%.

In other news, SVP Walter J. Bennett sold 24,219 shares of Williams Companies stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $29.70, for a total value of $719,304.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott A. Hallam sold 12,838 shares of Williams Companies stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $33.86, for a total value of $434,694.68. The disclosure for this sale can be found here. Insiders sold 304,200 shares of company stock valued at $9,437,992 in the last three months. 0.43% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of WMB. US Bancorp DE grew its position in shares of Williams Companies by 7.1% in the 3rd quarter. US Bancorp DE now owns 176,681 shares of the pipeline company’s stock worth $4,583,000 after acquiring an additional 11,770 shares in the last quarter. BOKF NA bought a new stake in shares of Williams Companies in the 3rd quarter worth approximately $1,318,000. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Williams Companies by 4.1% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 131,485 shares of the pipeline company’s stock worth $3,411,000 after purchasing an additional 5,169 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Williams Companies by 87.4% in the 3rd quarter. American Century Companies Inc. now owns 709,133 shares of the pipeline company’s stock worth $18,395,000 after purchasing an additional 330,776 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Williams Companies by 4.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 42,804 shares of the pipeline company’s stock worth $1,110,000 after purchasing an additional 1,987 shares during the last quarter. Institutional investors own 86.10% of the company’s stock.

Williams Companies Company Profile (Get Rating)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural 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 feedstock pipelines.

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Analyst Recommendations for Williams Companies (NYSE:WMB)

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