The Williams Companies Inc. (NYSE:WMB) shares traded -0.57% lower at $34.63 on Wall Street last session.
In accordance with the data, 23 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 $41.00 and a low of $31.00, we find $38.50. Given the previous closing price of $34.83, this indicates a potential upside of 10.54 percent. WMB stock price is now 4.61% away from the 50-day moving average and 9.27% away from the 200-day moving average. The market capitalization of the company currently stands at $41.93B.
It has been rated a hold by 12 analysts and a buy by 9. Brokers who have rated the stock have averaged $37.66 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 $7.86 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 $8.11 million. Insiders disposed of 998,775 shares of company stock worth roughly $34.59 million over the past 1 year. A total of 0.36% 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 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $52,759,000. PORTSIDE WEALTH GROUP, LLC invested $39,830,000 in shares of WMB during the first quarter. In the first quarter, CLARK CAPITAL MANAGEMENT GROUP, INC. acquired a new stake in The Williams Companies Inc. valued at approximately $30,713,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in WMB for approximately $17,713,000. RHEOS CAPITAL WORKS INC. purchased a new stake in WMB valued at around $12,121,000 in the second quarter. In total, there are 1,526 active investors with 88.10% ownership of the company’s stock.
The Williams Companies Inc. (NYSE: WMB) opened at $34.97 on Tuesday. 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 2.10, a current ratio of 0.50, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $66.26B, which is based on a 15.47 price-to-earnings ratio, a 4.18 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for WMB is $33.19 and a two-hundred day moving average price translates $31.70 for the stock.
The latest earnings results from The Williams Companies Inc. (NYSE: WMB) was released for Jun, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.38, missing analysts’ expectations of $0.39 by -0.01. This compares to $0.33 EPS in the same period last year. The net profit margin was 23.00% and return on equity was 23.00% for WMB. The company reported revenue of $2.48 billion for the quarter, compared to $2.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.28 percent. For the current quarter, analysts expect WMB to generate $2.52B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/25/2023. Investors who held shares on 09/11/2023 were paid a $0.4475 dividend. On an annualized basis, this represents a $1.79 dividend and a 5.17% percent yield. There was an ex-dividend date of 09/08/2023 for this dividend. In terms of dividend payout ratio, WMB is presently at 80.20%.
