The stock of The Williams Companies Inc. (NYSE:WMB) last traded at $31.70, up 0.96% from the previous session.
Data from the available sources indicates that The Williams Companies Inc. (NYSE:WMB) is covered by 21 analysts. 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 $31.00, we find $36.00. Given the previous closing price of $31.40, this indicates a potential upside of 14.65 percent. WMB stock price is now 6.99% away from the 50-day moving average and 1.07% away from the 200-day moving average. The market capitalization of the company currently stands at $37.19B.
In total, 9 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $36.64 as their price target over the next twelve months.
With the price target maintained at $36, Citigroup recently Upgraded its rating from Neutral to Buy for The Williams Companies Inc. (NYSE: WMB).
In other news, BERGSTROM STEPHEN W, Director bought 6,895 shares of the company’s stock on Mar 14. The stock was bought for $199,955 at an average price of $29.00. Upon completion of the transaction, the Director now directly owns 123,738 shares in the company, valued at $3.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14, Director SPENCE WILLIAM H bought 5,000 shares of the business’s stock. A total of $148,043 was incurred on buying the stock at an average price of $29.61. This leaves the insider owning 48,521 shares of the company worth $1.54 million. Insiders disposed of 962,806 shares of company stock worth roughly $30.52 million over the past 1 year. A total of 0.35% 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 POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $51,013,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $24,871,000 in shares of WMB during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in The Williams Companies Inc. valued at approximately $20,764,000. HITE HEDGE ASSET MANAGEMENT LLC acquired a new stake in WMB for approximately $14,303,000. EMPOWERED FUNDS, LLC purchased a new stake in WMB valued at around $8,770,000 in the second quarter. In total, there are 1,525 active investors with 88.10% ownership of the company’s stock.
With an opening price of $31.40 on Thursday morning, The Williams Companies Inc. (NYSE: WMB) set off the trading day. During the past 12 months, The Williams Companies Inc. has had a low of $27.80 and a high of $37.84. As of last week, the company has a debt-to-equity ratio of 2.08, a current ratio of 0.70, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $62.22B, which is based on a 14.97 price-to-earnings ratio, a 4.05 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for WMB is $29.69 and a two-hundred day moving average price translates $31.35 for the stock.
The latest earnings results from The Williams Companies Inc. (NYSE: WMB) was released for Mar, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.76, beating analysts’ expectations of $0.46 by 0.3. This compares to $0.31 EPS in the same period last year. The net profit margin was 22.50% and return on equity was 22.70% for WMB. The company reported revenue of $3.08 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.07 percent. For the current quarter, analysts expect WMB to generate $2.69B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/26/2023. Investors who held shares on 06/12/2023 were paid a $0.4475 dividend. On an annualized basis, this represents a $1.79 dividend and a 5.65% percent yield. There was an ex-dividend date of 06/09/2023 for this dividend. In terms of dividend payout ratio, WMB is presently at 81.00%.
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 33,000 miles of pipelines, 29 processing facilities, 7 fractionation facilities, and approximately 24 million barrels of NGL storage capacity. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.