Williams Companies, Inc. Declares Quarterly Dividend of $0.56 (WMB)
Williams Companies (NYSE:WMB) announced a quarterly dividend on Thursday, August 21st, StockRatingsNetwork.com reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.56 per share on Monday, September 29th. This represents a $2.24 annualized dividend and a dividend yield of 3.84%.
A number of analysts have recently weighed in on WMB shares. Analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note on Tuesday, August 12th. They now have a $60.00 price target on the stock. On a related note, analysts at Credit Suisse upgraded shares of Williams Companies from a “focus list” rating to a “focus list” rating in a research note on Tuesday, July 8th. Finally, analysts at Howard Weil raised their price target on shares of Williams Companies from $43.00 to $68.00 in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Companies has a consensus rating of “Buy” and a consensus price target of $63.70.
Williams Companies (NYSE:WMB) traded down 0.56% during mid-day trading on Thursday, hitting $58.32. 3,628,928 shares of the company’s stock traded hands. Williams Companies has a 1-year low of $33.98 and a 1-year high of $59.68. The stock’s 50-day moving average is $57.43 and its 200-day moving average is $47.74. The company has a market cap of $43.583 billion and a P/E ratio of 109.83.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.01. During the same quarter in the prior year, the company posted $0.21 earnings per share. Analysts expect that Williams Companies will post $1.04 EPS for the current fiscal year.
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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