Williams Companies (NYSE:WMB) Hits New 52-Week High – Here’s Why

Williams Companies, Inc. (The) (NYSE:WMBGet Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $77.52 and last traded at $77.4910, with a volume of 3270109 shares traded. The stock had previously closed at $75.71.

Key Headlines Impacting Williams Companies

Here are the key news stories impacting Williams Companies this week:

Analyst Upgrades and Downgrades

A number of analysts have commented on WMB shares. Scotiabank lifted their price target on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Royal Bank Of Canada lifted their price target on Williams Companies from $82.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Monday, April 20th. Jefferies Financial Group lifted their price target on Williams Companies from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $80.47.

Check Out Our Latest Report on WMB

Williams Companies Trading Up 0.1%

The firm has a market cap of $95.00 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 1.32 and a beta of 0.61. The company has a fifty day moving average price of $73.23 and a 200-day moving average price of $66.73. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Williams Companies (NYSE:WMBGet Free Report) last issued its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.10. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. As a group, research analysts expect that Williams Companies, Inc. will post 2.37 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s payout ratio is 92.11%.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 10,107 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $74.91, for a total value of $757,115.37. Following the completion of the transaction, the chief accounting officer owned 17,230 shares of the company’s stock, valued at $1,290,699.30. The trade was a 36.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Larry C. Larsen sold 12,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $76.48, for a total value of $917,760.00. Following the completion of the transaction, the chief operating officer directly owned 98,219 shares of the company’s stock, valued at approximately $7,511,789.12. This trade represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 115,369 shares of company stock worth $8,618,692. 0.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Williams Companies

A number of large investors have recently bought and sold shares of the business. Infrastructure Capital Advisors LLC raised its holdings in Williams Companies by 12.1% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 302,076 shares of the pipeline company’s stock worth $21,985,000 after purchasing an additional 32,608 shares during the period. Glen Eagle Advisors LLC raised its holdings in Williams Companies by 164.8% in the 1st quarter. Glen Eagle Advisors LLC now owns 956 shares of the pipeline company’s stock worth $70,000 after purchasing an additional 595 shares during the period. Quantinno Capital Management LP raised its holdings in Williams Companies by 22.4% in the 1st quarter. Quantinno Capital Management LP now owns 688,368 shares of the pipeline company’s stock worth $50,099,000 after purchasing an additional 126,152 shares during the period. Lazard Asset Management LLC raised its holdings in Williams Companies by 11.5% in the 1st quarter. Lazard Asset Management LLC now owns 8,108 shares of the pipeline company’s stock worth $590,000 after purchasing an additional 834 shares during the period. Finally, Castleark Management LLC raised its holdings in Williams Companies by 4.8% in the 1st quarter. Castleark Management LLC now owns 131,770 shares of the pipeline company’s stock worth $9,590,000 after purchasing an additional 6,040 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Williams Companies

(Get Free Report)

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.

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