Williams Companies Given New $65.00 Price Target at Argus (WMB)
Investment analysts at Argus raised their target price on shares of Williams Companies (NYSE:WMB) from $54.00 to $65.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 13.42% from the company’s current price.
Williams Companies (NYSE:WMB) opened at 57.31 on Wednesday. Williams Companies has a one year low of $31.25 and a one year high of $59.68. The stock has a 50-day moving average of $46.26 and a 200-day moving average of $41.43. The company has a market cap of $39.287 billion and a price-to-earnings ratio of 96.16. Williams Companies also was the recipient of some unusual options trading on Tuesday. Stock investors purchased 10,266 put options on the company. This is an increase of 521% compared to the typical volume of 1,654 put options.
Williams Companies (NYSE:WMB) last released its earnings data on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. Analysts expect that Williams Companies will post $1.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders 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 a positive change from Williams Companies’s previous quarterly dividend of $0.40.
A number of other firms have also recently commented on WMB. 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. Separately, 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. Finally, analysts at Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.22.
In other Williams Companies news, CFO Donald R. Chappel sold 80,785 shares of Williams Companies 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 value of $3,838,903.20. The sale 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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