Brokerages Set The Williams Companies, Inc. (NYSE:WMB) Price Target at $46.08

Shares of The Williams Companies, Inc. (NYSE:WMB) have earned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.08.

Several equities analysts recently commented on the company. Scotiabank raised their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. UBS Group raised their price target on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Truist Financial increased their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Williams Companies

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in Williams Companies during the 1st quarter worth approximately $27,000. SouthState Corp bought a new position in shares of Williams Companies during the second quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $34,000. Quarry LP bought a new position in shares of Williams Companies in the second quarter valued at approximately $35,000. Finally, Fairman Group LLC purchased a new stake in shares of Williams Companies during the 4th quarter valued at $31,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Up 1.1 %

NYSE:WMB opened at $51.05 on Friday. The firm has a market capitalization of $62.22 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 6.89 and a beta of 1.05. Williams Companies has a 1-year low of $32.65 and a 1-year high of $51.19. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The business’s fifty day moving average price is $45.63 and its 200 day moving average price is $42.54.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Williams Companies will post 1.9 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

About Williams Companies

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.