WBI (NYSE:WBI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $30.81 and last traded at $30.7910, with a volume of 360083 shares trading hands. The stock had previously closed at $29.80.
Analysts Set New Price Targets
A number of research firms have recently issued reports on WBI. UBS Group set a $33.00 price target on shares of WBI in a research note on Monday, March 16th. Morgan Stanley raised shares of WBI from an “equal weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research note on Wednesday, April 22nd. The Goldman Sachs Group raised shares of WBI from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, April 20th. Wells Fargo & Company boosted their price target on shares of WBI from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Finally, Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.25.
View Our Latest Analysis on WBI
WBI Stock Performance
WBI Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. WBI’s dividend payout ratio is currently 80.00%.
WBI Company Profile
WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.
Featured Stories
- Five stocks we like better than WBI
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for WBI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WBI and related companies with MarketBeat.com's FREE daily email newsletter.
