Williams Companies (NYSE:WMB) Given New $38.00 Price Target at Wells Fargo & Company

Williams Companies (NYSE:WMBFree Report) had its target price raised by Wells Fargo & Company from $37.00 to $38.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the pipeline company’s stock.

A number of other brokerages have also recently weighed in on WMB. US Capital Advisors cut Williams Companies from an overweight rating to a hold rating in a research note on Monday, April 29th. Barclays upped their price target on Williams Companies from $37.00 to $38.00 and gave the stock an equal weight rating in a research note on Thursday, April 11th. Truist Financial upped their price target on Williams Companies from $35.00 to $40.00 and gave the stock a hold rating in a research note on Monday, March 25th. CIBC upped their price target on Williams Companies from $38.00 to $39.00 and gave the stock a neutral rating in a research note on Wednesday. Finally, Wolfe Research restated an underperform rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Williams Companies currently has an average rating of Hold and a consensus price target of $39.42.

Get Our Latest Analysis on Williams Companies

Williams Companies Stock Performance

NYSE WMB traded up $0.06 on Friday, reaching $39.64. The stock had a trading volume of 4,673,741 shares, compared to its average volume of 6,500,967. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.73 and a current ratio of 0.52. Williams Companies has a 12-month low of $28.27 and a 12-month high of $39.99. The business’s 50-day moving average price is $38.17 and its 200 day moving average price is $36.11. The stock has a market cap of $48.31 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 6.11 and a beta of 1.05.

Williams Companies (NYSE:WMBGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, equities analysts expect that Williams Companies will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is owned by corporate insiders.

Institutional Trading of Williams Companies

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Williams Companies during the fourth quarter valued at $306,417,000. Wellington Management Group LLP boosted its stake in shares of Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after acquiring an additional 2,482,331 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Williams Companies by 45.3% during the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after acquiring an additional 2,040,993 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Williams Companies by 55.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock valued at $165,106,000 after acquiring an additional 1,740,677 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Williams Companies by 69.2% during the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after acquiring an additional 1,679,452 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Williams Companies

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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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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