The price of Williams Cos Inc (NYSE:WMB) shares last traded on Wall Street rose 0.96% to $33.68.
Based on available information, 24 analysts follow Williams Cos 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 $31.00, we find $38.50. Given the previous closing price of $33.36, this indicates a potential upside of 15.41 percent. WMB stock price is now -1.78% away from the 50-day moving average and 6.02% away from the 200-day moving average. The market capitalization of the company currently stands at $40.97B.
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Among analysts, 13 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $37.92 as their price target over the next twelve months.
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 $7.64 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 $7.89 million. Insiders disposed of 998,775 shares of company stock worth roughly $33.64 million over the past 1 year. A total of 0.39% 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 Williams Cos Inc shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $51,311,000. CLARK CAPITAL MANAGEMENT GROUP, INC. invested $29,870,000 in shares of WMB during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Williams Cos Inc valued at approximately $17,227,000. RHEOS CAPITAL WORKS INC. acquired a new stake in WMB for approximately $11,788,000. FOUNDRY PARTNERS, LLC purchased a new stake in WMB valued at around $10,025,000 in the second quarter.
A candlestick chart of Williams Cos Inc (NYSE: WMB) showed a price of $33.22 on Friday morning. During the past 12 months, Williams Cos 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 2.09, a current ratio of 0.49, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $64.86B, which is based on a 15.53 price-to-earnings ratio, a 4.20 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for WMB is $34.28 and a two-hundred day moving average price translates $31.78 for the stock.
The latest earnings results from Williams Cos 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 24.62% and return on equity was 23.95% 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 $1.80 dividend and a 5.36% 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 101.59%.
