Barclays Boosts Williams Companies (NYSE:WMB) Price Target to $41.00

Williams Companies (NYSE:WMBFree Report) had its target price increased by Barclays from $38.00 to $41.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an equal weight rating on the pipeline company’s stock.

Other equities analysts have also issued reports about the company. StockNews.com lowered Williams Companies from a buy rating to a hold rating in a research note on Wednesday, June 26th. US Capital Advisors downgraded shares of Williams Companies from an overweight rating to a hold rating in a research note on Monday, April 29th. CIBC raised their target price on shares of Williams Companies from $38.00 to $39.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Truist Financial upped their price target on shares of Williams Companies from $40.00 to $42.00 and gave the stock a hold rating in a research report on Tuesday, June 18th. Finally, Royal Bank of Canada lifted their price target on shares of Williams Companies from $40.00 to $44.00 and gave the company an outperform rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $41.67.

Read Our Latest Analysis on Williams Companies

Williams Companies Price Performance

Williams Companies stock opened at $42.98 on Friday. The stock has a market capitalization of $52.38 billion, a P/E ratio of 18.06, a P/E/G ratio of 6.75 and a beta of 1.05. Williams Companies has a 12-month low of $32.49 and a 12-month high of $43.22. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The firm’s 50-day moving average is $41.36 and its two-hundred day moving average is $38.13.

Williams Companies (NYSE:WMBGet Free Report) last announced its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. Williams Companies’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. Equities analysts predict that Williams Companies will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, June 7th. Williams Companies’s dividend payout ratio is presently 79.83%.

Insider Activity

In related news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now directly owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Institutional Trading of Williams Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in WMB. Clearbridge Investments LLC grew its holdings in Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after acquiring an additional 1,175,628 shares in the last quarter. Wellington Management Group LLP increased its holdings in Williams Companies by 21.3% in the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after buying an additional 2,039,703 shares during the last quarter. Norges Bank acquired a new stake in Williams Companies during the fourth quarter valued at approximately $306,417,000. Kayne Anderson Capital Advisors LP lifted its holdings in Williams Companies by 13.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after buying an additional 1,010,658 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of Williams Companies by 0.7% in the 1st quarter. Raymond James & Associates now owns 8,421,205 shares of the pipeline company’s stock worth $328,174,000 after acquiring an additional 55,248 shares in the last quarter. Institutional investors 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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