The Williams Companies, Inc. (NYSE:WMB - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $39.23 and last traded at $39.21, with a volume of 459468 shares changing hands. The stock had previously closed at $38.87.
Analyst Ratings Changes
A number of equities research analysts have commented on WMB shares. Mizuho increased their target price on Williams Companies from $41.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, December 7th. UBS Group raised their price objective on shares of Williams Companies from $41.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Finally, Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, March 25th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $38.09.
Check Out Our Latest Report on Williams Companies
Williams Companies Price Performance
The stock has a 50 day simple moving average of $35.80 and a two-hundred day simple moving average of $35.25. The company has a market cap of $47.87 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 6.19 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.
Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.
Williams Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies's dividend payout ratio (DPR) is presently 72.52%.
Institutional Investors Weigh In On Williams Companies
Large investors have recently made changes to their positions in the company. Patten Group Inc. grew its stake in Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company's stock valued at $832,000 after buying an additional 296 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company's stock worth $353,000 after acquiring an additional 298 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Williams Companies by 1.1% in the second quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 26,922 shares of the pipeline company's stock worth $878,000 after acquiring an additional 300 shares during the last quarter. Buckley Wealth Management LLC grew its position in shares of Williams Companies by 1.0% during the 3rd quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company's stock worth $1,040,000 after buying an additional 300 shares during the period. Finally, Horan Securities Inc. grew its position in shares of Williams Companies by 2.6% during the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company's stock worth $396,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.
About Williams Companies
(
Get Free Report)
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.
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