Truist Financial Issues Positive Forecast for Williams Companies (NYSE:WMB) Stock Price

Williams Companies (NYSE:WMB) had its price target increased by Truist Financial from $56.00 to $60.00 in a report released on Friday,Benzinga reports. They currently have a hold rating on the pipeline company’s stock.

Other research analysts have also recently issued research reports about the company. Barclays upped their target price 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. The Goldman Sachs Group increased their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. UBS Group increased their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Mizuho increased their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Williams Companies Trading Down 0.8 %

WMB opened at $57.00 on Friday. The stock has a market cap of $69.48 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04. The stock’s 50 day moving average price is $55.85 and its 200-day moving average price is $51.55. Williams Companies has a one year low of $33.03 and a one year high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. On average, equities analysts forecast that Williams Companies will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is currently 80.17%.

Institutional Trading of Williams Companies

A number of hedge funds have recently bought and sold shares of WMB. Keel Point LLC lifted its holdings in shares of Williams Companies by 5.8% during the 4th quarter. Keel Point LLC now owns 11,135 shares of the pipeline company’s stock valued at $603,000 after purchasing an additional 608 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Williams Companies during the 4th quarter valued at $26,349,000. Guardian Capital LP lifted its holdings in shares of Williams Companies by 1.1% during the 4th quarter. Guardian Capital LP now owns 680,667 shares of the pipeline company’s stock valued at $36,838,000 after purchasing an additional 7,319 shares during the last quarter. Gallo Partners LP purchased a new stake in shares of Williams Companies during the 4th quarter valued at $2,956,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Williams Companies during the 4th quarter valued at $3,628,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

About Williams Companies

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.