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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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%.
