Truist Financial Boosts Williams Companies (NYSE:WMB) Price Target to $52.00

Williams Companies (NYSE:WMB) had its target price hoisted by Truist Financial from $42.00 to $52.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a hold rating on the pipeline company’s stock.

WMB has been the subject of a number of other research reports. Citigroup boosted their price objective 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. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target for the company. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Scotiabank upped 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.38.

Williams Companies Stock Performance

NYSE WMB opened at $53.05 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $64.65 billion, a P/E ratio of 22.77, a P/E/G ratio of 5.84 and a beta of 1.03. Williams Companies has a 12-month low of $32.65 and a 12-month high of $53.30. The firm has a 50-day moving average price of $48.19 and a two-hundred day moving average price of $44.06.

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

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.58%. Williams Companies’s dividend payout ratio is 81.55%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Williams Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SouthState Corp acquired a new position in Williams Companies in the 2nd quarter valued at approximately $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares during the period. Quarry LP acquired a new stake in shares of Williams Companies during the second quarter worth $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies during the second quarter worth $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.