Williams Companies (NYSE:WMB) had its price objective cut by Citigroup from $27.00 to $26.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the pipeline company’s stock.
WMB has been the subject of a number of other reports. Scotiabank assumed coverage on shares of Williams Companies in a research note on Tuesday, September 3rd. They set a sector perform rating and a $28.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Williams Companies from $34.00 to $32.00 and set an overweight rating on the stock in a research note on Thursday, August 29th. Scotia Howard Weill started coverage on shares of Williams Companies in a report on Tuesday, September 3rd. They set a sector perform rating and a $23.60 price target on the stock. Barclays reissued a buy rating and set a $28.00 price target on shares of Williams Companies in a research report on Wednesday, October 16th. Finally, Zacks Investment Research upgraded shares of Williams Companies from a strong sell rating to a hold rating and set a $20.00 price objective for the company in a report on Sunday, November 3rd. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $28.11.
Shares of NYSE WMB traded up $0.13 during trading on Tuesday, reaching $22.32. The company had a trading volume of 9,018,578 shares, compared to its average volume of 7,913,512. Williams Companies has a 12-month low of $20.36 and a 12-month high of $29.55. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average is $22.70 and its 200 day moving average is $24.90. The stock has a market cap of $27.10 billion, a PE ratio of 28.25, a P/E/G ratio of 3.52 and a beta of 1.56.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, October 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.04 billion. Williams Companies had a return on equity of 6.95% and a net margin of 1.87%. Williams Companies’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, analysts anticipate that Williams Companies will post 0.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.81%. Williams Companies’s dividend payout ratio is presently 192.41%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Williams Companies by 1.4% during the 2nd quarter. BlackRock Inc. now owns 134,858,059 shares of the pipeline company’s stock valued at $3,781,421,000 after buying an additional 1,858,174 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Williams Companies by 1.0% in the second quarter. Vanguard Group Inc. now owns 98,470,448 shares of the pipeline company’s stock worth $2,761,112,000 after acquiring an additional 1,019,500 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in shares of Williams Companies by 1.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 20,904,353 shares of the pipeline company’s stock worth $502,945,000 after acquiring an additional 269,500 shares during the period. Invesco Ltd. grew its holdings in shares of Williams Companies by 255.8% in the second quarter. Invesco Ltd. now owns 20,233,420 shares of the pipeline company’s stock worth $567,345,000 after acquiring an additional 14,547,225 shares during the period. Finally, Brookfield Asset Management Inc. increased its position in Williams Companies by 1.4% during the second quarter. Brookfield Asset Management Inc. now owns 15,942,249 shares of the pipeline company’s stock valued at $447,020,000 after acquiring an additional 217,262 shares during the last quarter. 86.85% of the stock is owned by hedge funds and other institutional investors.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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