Williams Companies (NYSE:WMB) Sets New 12-Month High at $40.04

The Williams Companies, Inc. (NYSE:WMB - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.04 and last traded at $39.96, with a volume of 1025948 shares trading hands. The stock had previously closed at $39.66.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. CIBC increased their price target on Williams Companies from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 8th. Wells Fargo & Company raised their target price on Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday. Truist Financial upped their price target 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. Stifel Nicolaus lifted their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Finally, Barclays upped their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.42.

Williams Companies Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a market cap of $49.16 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 6.12 and a beta of 1.05. The business has a 50-day moving average price of $38.30 and a 200 day moving average price of $36.20.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. Williams Companies's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. As a group, research analysts expect that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.71%. Williams Companies's dividend payout ratio is currently 79.83%.

Insider Activity at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is owned by insiders.

Institutional Trading of Williams Companies

Several institutional investors have recently made changes to their positions in the stock. Western Pacific Wealth Management LP acquired a new stake in shares of Williams Companies during the 4th quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies in the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Williams Companies in the first quarter worth approximately $27,000. Fairman Group LLC bought a new position in Williams Companies during the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC bought a new stake in Williams Companies in the fourth quarter worth approximately $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.