Stocks of The Williams Companies Inc. (NYSE:WMB) traded higher last session on Wall Street, down -0.06% to $33.32.
According to the data, The Williams Companies Inc. (NYSE:WMB) has 21 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $31.00, we find $36.00. Given the previous closing price of $33.34, this indicates a potential upside of 7.98 percent. WMB stock price is now 8.36% away from the 50-day moving average and 6.63% away from the 200-day moving average. The market capitalization of the company currently stands at $41.66B.
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A total of 10 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $36.89 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, Hallam Scott A., SVP Transmission & Gulf of Mex sold 7,193 shares of the company’s stock on Jul 07. The stock was sold for $237,369 at an average price of $33.00. Upon completion of the transaction, the SVP Transmission & Gulf of Mex now directly owns 226,973 shares in the company, valued at $7.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28, SVP Transmission & Gulf of Mex Hallam Scott A. sold 7,194 shares of the business’s stock. A total of $230,208 was realized by selling the stock at an average price of $32.00. This leaves the insider owning 234,166 shares of the company worth $7.8 million. Insiders disposed of 984,388 shares of company stock worth roughly $32.8 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 $53,620,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $26,142,000 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 $21,825,000. HITE HEDGE ASSET MANAGEMENT LLC acquired a new stake in WMB for approximately $15,034,000. FOUNDRY PARTNERS, LLC purchased a new stake in WMB valued at around $9,918,000 in the second quarter. In total, there are 1,525 active investors with 88.10% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $33.35 for The Williams Companies Inc. (NYSE: WMB). During the past 12 months, The Williams Companies Inc. has had a low of $27.80 and a high of $35.79. 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 $64.56B, which is based on a 15.73 price-to-earnings ratio, a 4.25 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for WMB is $30.81 and a two-hundred day moving average price translates $31.27 for the stock.
The latest earnings results from The Williams Companies Inc. (NYSE: WMB) was released for Mar, 2023. 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.
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 5.37% 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%.
