The stock of The Williams Companies Inc. (NYSE:WMB) last traded at $34.34, down -1.09% from the previous session.
WMB stock price is now 0.37% away from the 50-day moving average and 8.11% away from the 200-day moving average. The market capitalization of the company currently stands at $42.23B.
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 $7.79 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 $8.04 million. Insiders disposed of 998,775 shares of company stock worth roughly $34.3 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 $52,317,000. CLARK CAPITAL MANAGEMENT GROUP, INC. invested $30,455,000 in shares of WMB during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in The Williams Companies Inc. valued at approximately $17,564,000. RHEOS CAPITAL WORKS INC. acquired a new stake in WMB for approximately $12,019,000. FOUNDRY PARTNERS, LLC purchased a new stake in WMB valued at around $10,221,000 in the second quarter. In total, there are 1,526 active investors with 88.10% ownership of the company’s stock.
With an opening price of $34.36 on Friday 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 $35.46. 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 $65.66B, which is based on a 15.34 price-to-earnings ratio, a 4.15 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for WMB is $34.25 and a two-hundred day moving average price translates $31.77 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 $2.59B 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 5.21% 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%.
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.
