Deutsche Bank Upgrades Williams Companies to Buy (WMB)
In other Williams Companies news, CFO Donald R. Chappel unloaded 80,785 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $47.52, for a total transaction of $3,838,903.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Williams Companies in a research note on Monday. They now have a $61.00 price target on the stock, up previously from $47.00. Separately, analysts at Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Monday. Finally, analysts at Jefferies Group upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $65.00 price target on the stock, up previously from $47.00. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.00.
Williams Companies (NYSE:WMB) opened at 56.02 on Tuesday. Williams Companies has a 1-year low of $31.25 and a 1-year high of $59.68. The stock’s 50-day moving average is $45.82 and its 200-day moving average is $41.27. The company has a market cap of $38.403 billion and a P/E ratio of 79.16.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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 $1.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Wednesday, June 11th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.40.
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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