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

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

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

Williams Companies Trading Down 1.2 %

Shares of WMB opened at $56.21 on Tuesday. Williams Companies has a 52-week low of $34.90 and a 52-week high of $61.46. The company has a market cap of $68.52 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock has a fifty day moving average price of $56.43 and a two-hundred day moving average price of $52.56.

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

Williams Companies Increases Dividend

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

Institutional Investors Weigh In On Williams Companies

A number of institutional investors have recently added to or reduced their stakes in WMB. Quent Capital LLC acquired a new stake in Williams Companies during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the fourth quarter worth approximately $25,000. AlphaMark Advisors LLC bought a new stake in Williams Companies during the 4th quarter valued at $27,000. Sandy Spring Bank bought a new position in Williams Companies in the 4th quarter valued at about $27,000. Finally, Hoey Investments Inc. purchased a new stake in Williams Companies in the 4th quarter valued at $28,000. 86.44% of the stock is owned by institutional investors.

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.