Brokerages Set The Williams Companies, Inc. (NYSE:WMB) PT at $39.22

Shares of The Williams Companies, Inc. (NYSE:WMB) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.22.

WMB has been the subject of several recent analyst reports. Wolfe Research restated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. UBS Group increased their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, Truist Financial increased their price target on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th.

Institutional Trading of Williams Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Williams Companies in the fourth quarter worth approximately $306,417,000. Wellington Management Group LLP raised its position in shares of Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after purchasing an additional 2,482,331 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Williams Companies by 45.3% during the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after purchasing an additional 2,040,993 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Williams Companies by 55.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock worth $165,106,000 after purchasing an additional 1,740,677 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Williams Companies by 69.2% during the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock worth $143,003,000 after buying an additional 1,679,452 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 0.5 %

Shares of NYSE WMB opened at $39.26 on Friday. Williams Companies has a 12-month low of $28.27 and a 12-month high of $39.76. The company has a market cap of $47.84 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The stock’s 50 day simple moving average is $37.45 and its 200 day simple moving average is $35.88.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period in the previous year, the business earned $0.53 EPS. Equities research analysts expect that Williams Companies will post 1.83 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.84%. Williams Companies’s payout ratio is 72.52%.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.