Shares of Williams Companies, Inc. (The) (NYSE:WMB – Get Free Report) have received an average recommendation of “Buy” from the twenty-four research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $86.33.
A number of equities analysts have recently commented on WMB shares. Canadian Imperial Bank of Commerce reduced their target price on shares of Williams Companies from $85.00 to $82.00 and set an “outperformer” rating on the stock in a research report on Thursday, October 22nd. BMO Capital Markets boosted their price target on Williams Companies from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group increased their price objective on Williams Companies from $83.00 to $84.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 13th. Capital One Financial assumed coverage on Williams Companies in a research note on Tuesday, September 22nd. They issued an “overweight” rating and a $92.00 price objective on the stock. Finally, Raymond James Financial reduced their price objective on Williams Companies from $85.00 to $84.00 in a report on Wednesday, August 5th.
Insider Buying and Selling
In other Williams Companies news, SVP Terrance Wilson sold 13,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the sale, the senior vice president owned 268,159 shares of the company’s stock, valued at approximately $20,077,064.33. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 19,000 shares of company stock valued at $1,408,470 over the last ninety days. Insiders own 0.47% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Williams Companies by 21.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,727,718 shares of the pipeline company’s stock worth $119,593,000 after buying an additional 302,258 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Williams Companies by 0.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,139,269 shares of the pipeline company’s stock valued at $281,352,000 after acquiring an additional 33,653 shares in the last quarter. Formidable Asset Management LLC grew its holdings in shares of Williams Companies by 10.1% during the 3rd quarter. Formidable Asset Management LLC now owns 3,944 shares of the pipeline company’s stock valued at $293,000 after acquiring an additional 361 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Williams Companies by 2.0% during the 3rd quarter. Parallel Advisors LLC now owns 15,052 shares of the pipeline company’s stock valued at $1,023,000 after acquiring an additional 297 shares in the last quarter. Finally, Bfsg LLC acquired a new position in shares of Williams Companies in the third quarter worth $28,000. 86.44% of the stock is owned by institutional investors.
Williams Companies Stock Down 0.3%
Shares of NYSE:WMB opened at $64.08 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 1.48. Williams Companies has a 12 month low of $57.80 and a 12 month high of $80.07. The company has a 50-day moving average price of $71.78 and a 200 day moving average price of $72.46. The company has a market cap of $80.11 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.37 and a beta of 0.62.
Williams Companies (NYSE:WMB – Get Free Report) last announced its earnings results on Monday, November 2nd. The pipeline company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.99 billion. Williams Companies had a net margin of 24.99% and a return on equity of 17.02%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, equities research analysts predict that Williams Companies will post 2.39 earnings per share for the current year.
Williams Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Friday, December 11th will be paid a $0.5250 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $2.10 dividend on an annualized basis and a yield of 3.3%. Williams Companies’s payout ratio is 82.68%.
Williams Companies Company Profile
Williams Companies is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas. Its systems connect natural gas-producing regions with utilities, power generators, industrial customers and other energy markets.
The company operates pipelines and related facilities across the United States. Its Transco pipeline system carries natural gas from the Gulf Coast and other supply areas to customers along the East Coast, while its gathering and processing operations serve producers in regions including the Northeast, the West and the Gulf Coast.
Williams traces its roots to 1908, when brothers Miller and David Williams established a construction business that later expanded into energy infrastructure.
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