The Williams Companies Inc. (NYSE:WMB) shares traded 0.91% higher at $33.40 on Wall Street last session.
In accordance with the data, 24 analysts cover The Williams Companies Inc. (NYSE:WMB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $30.00, we find $38.00. Given the previous closing price of $33.10, this indicates a potential upside of 14.8 percent. WMB stock price is now 5.80% away from the 50-day moving average and 1.69% away from the 200-day moving average. The market capitalization of the company currently stands at $40.32B.
It has been rated a hold by 8 analysts and a buy by 13. Brokers who have rated the stock have averaged $37.48 as their price target over the next twelve months.
With the price target reduced from $35 to $30, Goldman Downgraded its rating from Neutral to Sell for The Williams Companies Inc. (NYSE: WMB)., while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Wilson Terrance Lane, SVP & General Counsel sold 10,000 shares of the company’s stock on Nov 14. The stock was sold for $343,000 at an average price of $34.30. Upon completion of the transaction, the SVP & General Counsel now directly owns 188,489 shares in the company, valued at $6.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, SVP & General Counsel Wilson Terrance Lane sold 10,000 shares of the business’s stock. A total of $337,600 was realized by selling the stock at an average price of $33.76. This leaves the insider owning 198,489 shares of the company worth $6.63 million. Insiders disposed of 940,787 shares of company stock worth roughly $31.42 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WMB stock. A new stake in The Williams Companies Inc. shares was purchased by CAMBIAR INVESTORS LLC during the first quarter worth $34,045,000. TODD ASSET MANAGEMENT LLC invested $19,613,000 in shares of WMB during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in The Williams Companies Inc. valued at approximately $16,753,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in WMB for approximately $13,332,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in WMB valued at around $10,182,000 in the second quarter. In total, there are 1,468 active investors with 88.10% ownership of the company’s stock.
The Williams Companies Inc. (NYSE: WMB) opened at $32.88 on Friday. During the past 12 months, The Williams Companies Inc. has had a low of $24.86 and a high of $37.97. As of last week, the company has a debt-to-equity ratio of 2.07, a current ratio of 0.90, and a quick ratio of 0.80. The fifty day moving average price for WMB is $31.58 and a two-hundred day moving average price translates $32.86 for the stock.
The latest earnings results from The Williams Companies Inc. (NYSE: WMB) was released for Jun, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $0.33, missing analysts’ expectations of $0.37 by -0.04. This compares to $0.13 EPS in the same period last year. The net profit margin was 17.70% and return on equity was 17.70% for WMB. The company reported revenue of $3.02 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.06 percent. For the current quarter, analysts expect WMB to generate $2.86B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/26/2022. Investors who held shares on 09/09/2022 were paid a $0.425 dividend. On an annualized basis, this represents a $1.70 dividend and a 5.09% percent yield. There was an ex-dividend date of 09/08/2022 for this dividend. In terms of dividend payout ratio, WMB is presently at 76.70%.
The Williams Companies Inc.(WMB) 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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment comprises gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, and the Mid-Continent region, which includes the Anadarko, Arkoma, and Permian basins; and operates natural gas liquid (NGL) fractionation and storage facilities in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; risk and asset management; and NGL marketing services. The company owns and operates 30,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and approximately 23 million barrels of NGL storage capacity. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.