Citigroup Raises Williams Companies (NYSE:WMB) Price Target to $52.00

by · The Cerbat Gem

Williams Companies (NYSE:WMB – Free Report) had its target price boosted by Citigroup from $45.00 to $52.00 in a research report released on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the pipeline company’s stock.

A number of other equities analysts have also commented on WMB. Argus upgraded Williams Companies from a hold rating to a buy rating in a research note on Thursday, June 20th. Scotiabank lifted their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a sector perform rating in a research note on Thursday, August 8th. Barclays boosted their price target on Williams Companies from $42.00 to $46.00 and gave the company an equal weight rating in a research note on Wednesday. Morgan Stanley boosted their price target on Williams Companies from $45.00 to $48.00 and gave the company an equal weight rating in a research note on Monday, June 10th. Finally, Royal Bank of Canada boosted their price target on Williams Companies from $44.00 to $47.00 and gave the company an outperform rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $46.08.

View Our Latest Stock Report on Williams Companies

Williams Companies Price Performance

NYSE WMB opened at $49.63 on Thursday. Williams Companies has a fifty-two week low of $32.63 and a fifty-two week high of $49.67. The stock’s 50-day moving average is $44.75 and its two-hundred day moving average is $42.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The firm has a market cap of $60.49 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 6.54 and a beta of 1.05.

Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts anticipate that Williams Companies will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in Williams Companies during the 1st quarter worth $27,000. SouthState Corp acquired a new position in Williams Companies during the 2nd quarter worth $31,000. GHP Investment Advisors Inc. acquired a new position in Williams Companies during the 2nd quarter worth $34,000. Quarry LP acquired a new position in Williams Companies during the 2nd quarter worth $35,000. Finally, Fairman Group LLC acquired a new position in Williams Companies during the 4th quarter worth $31,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Company Profile

(Get Free Report)

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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