Williams Companies (NYSE:WMB) Now Covered by Analysts at TD Cowen

TD Cowen started coverage on shares of Williams Companies (NYSE:WMB - Free Report) in a research report sent to investors on Monday morning, MarketBeat reports. The firm issued a buy rating and a $67.00 target price on the pipeline company's stock.

WMB has been the subject of a number of other research reports. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a report on Friday, May 16th. Wells Fargo & Company lifted their price objective on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Scotiabank boosted their price objective on Williams Companies from $52.00 to $59.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Finally, Morgan Stanley raised their target price on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.69.

Williams Companies Stock Performance

WMB traded down $0.12 during trading on Monday, hitting $58.52. The stock had a trading volume of 5,461,659 shares, compared to its average volume of 7,038,023. The firm has a market cap of $71.36 billion, a PE ratio of 31.29, a P/E/G ratio of 4.33 and a beta of 0.65. Williams Companies has a 12 month low of $40.41 and a 12 month high of $63.45. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. The company has a 50 day simple moving average of $59.51 and a 200-day simple moving average of $57.87.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Analysts expect that Williams Companies will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. Williams Companies's dividend payout ratio (DPR) is currently 106.95%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the completion of the transaction, the senior vice president directly owned 315,645 shares of the company's stock, valued at $19,790,941.50. This trade represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Flaharty Asset Management LLC acquired a new position in Williams Companies in the first quarter worth $25,000. HWG Holdings LP bought a new position in shares of Williams Companies in the first quarter valued at about $26,000. Menard Financial Group LLC acquired a new position in Williams Companies during the 4th quarter worth about $26,000. Saudi Central Bank bought a new stake in Williams Companies during the 1st quarter worth about $29,000. Finally, Iron Horse Wealth Management LLC increased its position in Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 494 shares in the last quarter. 86.44% of the stock is 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.