Williams Companies Inc (NYSE:WMB) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.38 per share by the pipeline company on Monday, December 30th. This represents a $1.52 dividend on an annualized basis and a yield of 6.87%.
NYSE WMB traded down $0.12 during trading on Thursday, reaching $22.12. 369,508 shares of the company’s stock were exchanged, compared to its average volume of 8,953,066. The business has a 50 day moving average price of $23.47 and a 200-day moving average price of $25.66. The stock has a market capitalization of $28.28 billion, a P/E ratio of 28.15, a PEG ratio of 3.67 and a beta of 1.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.43 and a quick ratio of 0.39. Williams Companies has a fifty-two week low of $20.36 and a fifty-two week high of $29.55.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, October 30th. The pipeline company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Williams Companies had a return on equity of 6.95% and a net margin of 1.87%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, analysts forecast that Williams Companies will post 0.98 earnings per share for the current year.
In other news, Director Michael A. Creel bought 10,000 shares of Williams Companies stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $23.22 per share, for a total transaction of $232,200.00. Following the purchase, the director now directly owns 27,027 shares in the company, valued at approximately $627,566.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.
WMB has been the topic of several research reports. UBS Group decreased their target price on Williams Companies from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Investment Research raised Williams Companies from a “strong sell” rating to a “hold” rating and set a $20.00 target price on the stock in a research report on Sunday. Sanford C. Bernstein downgraded Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 target price on the stock. in a research report on Sunday, August 4th. Scotiabank initiated coverage on Williams Companies in a research report on Tuesday, September 3rd. They issued a “sector perform” rating and a $28.00 target price on the stock. Finally, TD Securities initiated coverage on Williams Companies in a research report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.28.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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