Williams Companies (NYSE:WMB) Given New $65.00 Price Target at Citigroup

Williams Companies (NYSE:WMB) had its price target raised by Citigroup from $63.00 to $65.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

WMB has been the topic of a number of other reports. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. UBS Group upped their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho increased their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays boosted their price objective on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Truist Financial raised their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.21.

Williams Companies Stock Down 2.1 %

Shares of NYSE:WMB opened at $56.13 on Tuesday. The firm has a market cap of $68.42 billion, a P/E ratio of 30.67, a P/E/G ratio of 5.01 and a beta of 1.05. Williams Companies has a 12-month low of $34.54 and a 12-month high of $61.46. The business has a fifty day simple moving average of $56.26 and a 200 day simple moving average of $52.50. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Analysts predict that Williams Companies will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is currently 109.29%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies during the 4th quarter valued at about $25,000. AlphaMark Advisors LLC bought a new stake in Williams Companies during the 4th quarter worth approximately $27,000. Sandy Spring Bank purchased a new stake in shares of Williams Companies in the fourth quarter worth approximately $27,000. Finally, Hoey Investments Inc. bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

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.