The Williams Companies, Inc. (NYSE:WMB – Get Rating) declared a quarterly dividend on Tuesday, April 26th, RTT News reports. Shareholders of record on Friday, June 10th will be paid a dividend of 0.425 per share by the pipeline company on Monday, June 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.90%.
Williams Companies has increased its dividend by an average of 6.4% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Williams Companies has a payout ratio of 116.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Williams Companies to earn $1.43 per share next year, which means the company may not be able to cover its $1.70 annual dividend with an expected future payout ratio of 118.9%.
Shares of WMB stock traded up $0.80 during trading on Tuesday, reaching $34.70. The company’s stock had a trading volume of 289,892 shares, compared to its average volume of 9,457,512. The company has a market cap of $42.18 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 7.14 and a beta of 1.27. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average price of $32.77 and a 200-day moving average price of $29.81. Williams Companies has a one year low of $23.53 and a one year high of $36.37.
In other news, SVP Scott A. Hallam sold 12,838 shares of the stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $33.86, for a total transaction of $434,694.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Scott A. Hallam sold 15,607 shares of the company’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $33.30, for a total value of $519,713.10. Following the completion of the sale, the senior vice president now owns 164,054 shares of the company’s stock, valued at $5,462,998.20. The disclosure for this sale can be found here. Insiders sold 304,200 shares of company stock valued at $9,437,992 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of WMB. Segall Bryant & Hamill LLC raised its position in shares of Williams Companies by 3.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 11,394 shares of the pipeline company’s stock valued at $298,000 after buying an additional 400 shares during the last quarter. CIBC World Markets Inc. raised its stake in shares of Williams Companies by 10.4% during the fourth quarter. CIBC World Markets Inc. now owns 9,175 shares of the pipeline company’s stock valued at $239,000 after purchasing an additional 862 shares in the last quarter. Horizon Investments LLC grew its stake in Williams Companies by 4.4% during the 4th quarter. Horizon Investments LLC now owns 40,043 shares of the pipeline company’s stock valued at $1,043,000 after acquiring an additional 1,686 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Williams Companies in the 4th quarter worth $46,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in Williams Companies by 41.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 12,875 shares of the pipeline company’s stock valued at $335,000 after purchasing an additional 3,794 shares during the last quarter. 85.55% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on WMB. Stifel Nicolaus increased their price objective on Williams Companies from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, March 1st. Bank of America raised their price target on Williams Companies from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, January 18th. Credit Suisse Group lifted their price objective on Williams Companies from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, March 16th. Barclays boosted 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, Mizuho lifted their price objective on Williams Companies from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, March 17th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $34.36.
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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