Williams Companies (NYSE:WMB) Given New $70.00 Price Target at Citigroup

Williams Companies (NYSE:WMB) had its price objective upped by Citigroup from $65.00 to $70.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

Other research analysts have also issued reports about the company. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective for the company in a research note on Friday, August 15th. Morgan Stanley upped their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Jefferies Financial Group cut their price target on shares of Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. TD Cowen boosted their price target on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Argus reaffirmed a “buy” rating and set a $66.00 price objective on shares of Williams Companies in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

Williams Companies Stock Down 1.5%

Shares of WMB opened at $59.51 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average price of $60.59 and a two-hundred day moving average price of $59.44. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 1.91 and a beta of 0.63. Williams Companies has a 12 month low of $51.58 and a 12 month high of $65.55.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Equities analysts predict that Williams Companies will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the transaction, the senior vice president directly owned 302,645 shares in the company, valued at approximately $18,319,101.85. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Flaharty Asset Management LLC bought a new position in Williams Companies in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new position in shares of Williams Companies during the first quarter valued at $29,000. Private Wealth Management Group LLC lifted its stake in shares of Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 240 shares during the period. Hartford Funds Management Co LLC bought a new position in Williams Companies in the second quarter valued at about $29,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Williams Companies during the 2nd quarter worth about $32,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Company Profile

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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.