Williams Companies Hits New 1-Year High at $47.52 (WMB)
Shares of Williams Companies (NYSE:WMB) reached a new 52-week high on Thursday , StockRatingsNetwork.com reports. The company traded as high as $47.52 and last traded at $47.49, with a volume of 1,595,075 shares. The stock had previously closed at $46.90.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note on Wednesday, May 21st. They now have a $49.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Williams Companies from $51.00 to $58.00 in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Williams Companies in a research note on Thursday, May 15th. They now have a $50.00 price target on the stock, up previously from $48.00. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.17.
The stock’s 50-day moving average is $44.35 and its 200-day moving average is $40.50. The company has a market cap of $32.480 billion and a P/E ratio of 78.69. Williams Companies also saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 16,094,081 shares, a growth of 29.5% from the April 30th total of 12,429,550 shares. Based on an average daily volume of 5,224,389 shares, the short-interest ratio is currently 3.1 days. Currently, 2.4% of the shares of the stock are short sold.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, April 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. On average, analysts predict that Williams Companies will post $1.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, June 11th. This is a boost from Williams Companies’s previous quarterly dividend of $0.40.
In other Williams Companies news, SVP Robyn L. Ewing sold 3,700 shares of the stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $46.95, for a total transaction of $173,715.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
The Williams Companies, Inc (NYSE:WMB), is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.
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