Williams Companies (NYSE:WMB) Price Target Raised to $56.00

Williams Companies (NYSE:WMB) had its price objective upped by Mizuho from $47.00 to $56.00 in a research report sent to investors on Monday morning, Benzinga reports. Mizuho currently has an outperform rating on the pipeline company’s stock.

Several other equities research analysts have also recently weighed in on WMB. Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC raised their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Scotiabank increased their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Finally, Citigroup upped their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Williams Companies has a consensus rating of “Hold” and an average price target of $50.38.

Williams Companies Trading Up 4.3 %

NYSE WMB opened at $55.33 on Monday. The stock has a market cap of $67.43 billion, a PE ratio of 23.75, a PEG ratio of 5.84 and a beta of 1.03. Williams Companies has a 12 month low of $32.65 and a 12 month high of $55.79. The company’s 50-day moving average price is $48.40 and its 200-day moving average price is $44.14. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. Equities research analysts forecast that Williams Companies will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 81.55%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SouthState Corp purchased a new position in shares of Williams Companies during the 2nd quarter valued at about $31,000. Rosenberg Matthew Hamilton raised its position in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Williams Companies in the second quarter valued at approximately $34,000. Quarry LP purchased a new stake in Williams Companies in the 2nd quarter worth approximately $35,000. Finally, Fortitude Family Office LLC grew its stake in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Company Profile

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.