Williams Companies (NYSE:WMB) Price Target Increased to $39.00 by Analysts at CIBC

Williams Companies (NYSE:WMB) had its target price upped by CIBC from $38.00 to $39.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the pipeline company’s stock.

A number of other brokerages have also recently issued reports on WMB. Barclays increased their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an equal weight rating in a research report on Thursday, April 11th. UBS Group increased their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a buy rating in a research report on Friday, April 12th. Truist Financial increased their target price on shares of Williams Companies from $35.00 to $40.00 and gave the stock a hold rating in a research report on Monday, March 25th. Wolfe Research reissued an underperform rating and set a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Finally, US Capital Advisors lowered shares of Williams Companies from an overweight rating to a hold rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $39.55.

Williams Companies Stock Performance

NYSE:WMB traded up $0.26 during trading hours on Wednesday, hitting $39.58. 6,208,759 shares of the company traded hands, compared to its average volume of 6,962,554. Williams Companies has a twelve month low of $28.27 and a twelve month high of $39.99. The stock has a market capitalization of $48.23 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 6.13 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average of $38.10 and a 200 day moving average of $36.08.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.40%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the company posted $0.56 EPS. The business’s revenue was down 10.1% on a year-over-year basis. On average, analysts forecast that Williams Companies will post 1.82 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WMB. Stratos Wealth Partners LTD. boosted its stake in Williams Companies by 13.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company’s stock worth $505,000 after acquiring an additional 1,721 shares during the last quarter. Advisor Partners II LLC raised its holdings in Williams Companies by 6.2% during the 3rd quarter. Advisor Partners II LLC now owns 78,159 shares of the pipeline company’s stock worth $2,633,000 after buying an additional 4,557 shares during the period. Park Avenue Securities LLC raised its holdings in Williams Companies by 2.3% during the 3rd quarter. Park Avenue Securities LLC now owns 80,117 shares of the pipeline company’s stock worth $2,699,000 after buying an additional 1,822 shares during the period. Graypoint LLC raised its holdings in Williams Companies by 15.2% during the 3rd quarter. Graypoint LLC now owns 11,956 shares of the pipeline company’s stock worth $403,000 after buying an additional 1,581 shares during the period. Finally, TD Asset Management Inc raised its holdings in Williams Companies by 18.2% during the 3rd quarter. TD Asset Management Inc now owns 591,053 shares of the pipeline company’s stock worth $19,913,000 after buying an additional 90,932 shares during the period. Institutional investors own 86.44% of the company’s stock.

About Williams Companies

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.