BMO Capital Markets Increases Williams Companies Price Target to $62.00 (WMB)
Equities research analysts at BMO Capital Markets hoisted their target price on shares of Williams Companies (NYSE:WMB) from $54.00 to $62.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 8.18% from the stock’s previous close.
A number of other firms have also recently commented on WMB. Analysts at Argus raised their price target on shares of Williams Companies from $54.00 to $65.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $67.00 price target on the stock, up previously from $38.00. Finally, 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. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Williams Companies presently has a consensus rating of “Buy” and an average price target of $60.22.
Shares of Williams Companies (NYSE:WMB) opened at 57.31 on Wednesday. Williams Companies has a 52 week low of $31.25 and a 52 week high of $59.68. The stock’s 50-day moving average is $46.26 and its 200-day moving average is $41.43. The company has a market cap of $39.287 billion and a price-to-earnings ratio of 96.16. Williams Companies also saw some unusual options trading on Tuesday. Traders purchased 10,266 put options on the stock. This is an increase of approximately 521% compared to the average volume of 1,654 put options.
Williams Companies (NYSE:WMB) last released its earnings data on Wednesday, April 30th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. On average, analysts predict that Williams Companies will post $1.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors 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 2.97%. The ex-dividend date is Wednesday, June 11th. This is an increase from Williams Companies’s previous quarterly dividend of $0.40.
In other Williams Companies news, CFO Donald R. Chappel sold 80,785 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $47.52, for a total transaction of $3,838,903.20. The sale was disclosed in a document filed 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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