Williams Companies (NYSE:WMB) PT Raised to $54.00

Williams Companies (NYSE:WMB) had its price objective increased by CIBC from $45.00 to $54.00 in a research report sent to investors on Tuesday, Benzinga reports. CIBC currently has a neutral rating on the pipeline company’s stock.

WMB has been the topic of a number of other reports. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. UBS Group increased their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Scotiabank increased their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Finally, Citigroup increased their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.62.

Williams Companies Stock Down 0.2 %

Shares of WMB opened at $52.51 on Tuesday. Williams Companies has a 12 month low of $32.65 and a 12 month high of $52.85. The firm’s 50 day moving average is $47.00 and its 200-day moving average is $43.20. The stock has a market capitalization of $64.00 billion, a PE ratio of 22.06, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities research analysts forecast that Williams Companies will post 1.91 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.62%. Williams Companies’s dividend payout ratio is 79.83%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC acquired a new stake in Williams Companies in the 4th quarter worth approximately $322,000. AdvisorNet Financial Inc boosted its position in shares of Williams Companies by 44.3% during the 1st quarter. AdvisorNet Financial Inc now owns 4,811 shares of the pipeline company’s stock valued at $187,000 after acquiring an additional 1,477 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Williams Companies by 52.5% during the 1st quarter. Brookstone Capital Management now owns 9,698 shares of the pipeline company’s stock valued at $378,000 after acquiring an additional 3,337 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Williams Companies during the 1st quarter valued at about $62,000. Finally, GoalVest Advisory LLC raised its holdings in Williams Companies by 3.7% in the 1st quarter. GoalVest Advisory LLC now owns 37,480 shares of the pipeline company’s stock valued at $1,461,000 after buying an additional 1,327 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies 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 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.