Williams Companies Sets New 12-Month High at $59.77 (WMB)
Williams Companies (NYSE:WMB) shares hit a new 52-week high during trading on Tuesday , ARN reports. The company traded as high as $59.77 and last traded at $59.12, with a volume of 2,335,732 shares trading hands. The stock had previously closed at $59.44.
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. Separately, 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 assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $63.70.
The stock’s 50-day moving average is $57.61 and its 200-day moving average is $48.61. The company has a market cap of $44.293 billion and a price-to-earnings ratio of 111.31. Williams Companies also was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 19,459,823 shares, a growth of 19.7% from the July 31st total of 16,254,942 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 5,730,854 shares, the short-interest ratio is presently 3.4 days.
Williams Companies (NYSE:WMB) last released its earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.01. During the same quarter in the previous 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 company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Wednesday, September 10th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.43.
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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