Williams Companies (NYSE:WMB) Price Target Raised to $38.00

Williams Companies (NYSE:WMBGet Rating) had its price objective boosted by TD Securities from $36.00 to $38.00 in a research report report published on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the pipeline company’s stock.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus lifted their price objective on Williams Companies from $31.00 to $34.00 and gave the company a buy rating in a report on Tuesday, March 1st. Mizuho lifted their price objective on Williams Companies from $35.00 to $39.00 in a report on Wednesday. Barclays lifted their price objective on Williams Companies from $33.00 to $34.00 and gave the company an overweight rating in a report on Wednesday, February 23rd. Citigroup lifted their price objective on Williams Companies from $27.00 to $29.00 in a report on Thursday, January 13th. Finally, Truist Financial began coverage on Williams Companies in a report on Monday. They issued a buy rating and a $37.00 target price on the stock. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of $34.93.

WMB stock opened at $36.89 on Wednesday. Williams Companies has a twelve month low of $23.53 and a twelve month high of $37.05. The company has a market cap of $44.84 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 6.60 and a beta of 1.17. The business’s 50-day simple moving average is $33.49 and its 200 day simple moving average is $30.08. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.54.

Williams Companies (NYSE:WMBGet Rating) last released its earnings results on Monday, May 2nd. The pipeline company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Williams Companies had a return on equity of 12.18% and a net margin of 13.95%. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities research analysts anticipate that Williams Companies will post 1.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Investors of record on Friday, June 10th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.61%. The ex-dividend date is Thursday, June 9th. Williams Companies’s dividend payout ratio (DPR) is presently 141.67%.

In other Williams Companies news, CEO Alan S. Armstrong sold 156,523 shares of the company’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $30.18, for a total transaction of $4,723,864.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Walter J. Bennett sold 24,219 shares of the company’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $29.70, for a total transaction of $719,304.30. The disclosure for this sale can be found here. Insiders have sold a total of 304,200 shares of company stock valued at $9,437,992 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of Williams Companies in the 1st quarter valued at $27,000. Clearstead Advisors LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at $28,000. American National Bank grew its holdings in shares of Williams Companies by 63.6% in the 1st quarter. American National Bank now owns 908 shares of the pipeline company’s stock valued at $30,000 after buying an additional 353 shares during the period. Atwood & Palmer Inc. grew its holdings in shares of Williams Companies by 306.4% in the 1st quarter. Atwood & Palmer Inc. now owns 951 shares of the pipeline company’s stock valued at $32,000 after buying an additional 717 shares during the period. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in Williams Companies in the 4th quarter worth $26,000. 86.10% of the stock is owned by institutional investors.

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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