Williams Cos. to Issue Quarterly Dividend of $0.20 (WMB)
Williams Cos. (NYSE:WMB) declared a quarterly dividend on Tuesday, November 22nd. Investors of record on Friday, December 9th will be given a dividend of 0.20 per share on Tuesday, December 27th. This represents a $0.80 annualized dividend and a yield of 2.61%.
Williams Cos. (NYSE:WMB) traded up 0.43% on Tuesday, reaching $30.65. 6,245,694 shares of the company traded hands. The stock’s market capitalization is $23.01 billion. Williams Cos. has a 1-year low of $10.22 and a 1-year high of $37.59. The stock has a 50 day moving average of $29.82 and a 200-day moving average of $25.96.
Williams Cos. (NYSE:WMB) last announced its earnings results on Monday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. Williams Cos. had a negative net margin of 15.19% and a positive return on equity of 2.16%. During the same quarter in the previous year, the firm posted $0.22 EPS. On average, equities analysts anticipate that Williams Cos. will post $0.62 EPS for the current year.
WMB has been the topic of several recent research reports. Zacks Investment Research cut shares of Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Argus reissued a “buy” rating and set a $36.00 price target (up previously from $31.00) on shares of Williams Cos. in a research report on Wednesday, October 5th. RBC Capital Markets started coverage on shares of Williams Cos. in a research report on Monday, September 26th. They set an “outperform” rating and a $39.00 price target on the stock. Jefferies Group reissued a “buy” rating and set a $35.00 price target on shares of Williams Cos. in a research report on Sunday, October 16th. Finally, Stephens started coverage on shares of Williams Cos. in a research report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price target on the stock. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.40.
In other news, Director Stephen I. Chazen bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average cost of $28.23 per share, for a total transaction of $141,150.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $141,150. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rory Lee Miller sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $29.40, for a total transaction of $1,176,000.00. Following the sale, the insider now owns 109,780 shares in the company, valued at $3,227,532. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. National Asset Management Inc. acquired a new position in shares of Williams Cos. during the second quarter worth about $201,000. Wetherby Asset Management Inc. acquired a new position in shares of Williams Cos. during the second quarter worth about $211,000. Reliance Trust Co. of Delaware acquired a new position in shares of Williams Cos. during the second quarter worth about $231,000. Van ECK Associates Corp increased its position in shares of Williams Cos. by 13.4% in the second quarter. Van ECK Associates Corp now owns 11,693 shares of the company’s stock worth $253,000 after buying an additional 1,378 shares during the period. Finally, Euclid Advisors LLC acquired a new position in shares of Williams Cos. during the second quarter worth about $312,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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