Williams Companies Inc (NYSE:WMB) announced a quarterly dividend on Thursday, November 8th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.34 per share by the pipeline company on Monday, December 31st. This represents a $1.36 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, December 13th.

Williams Companies has decreased its dividend payment by an average of 15.1% per year over the last three years. Williams Companies has a dividend payout ratio of 172.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Williams Companies to earn $0.97 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 140.2%.

WMB stock opened at $24.48 on Friday. Williams Companies has a 12-month low of $23.54 and a 12-month high of $33.67. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 4.90 and a beta of 1.59.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, research analysts anticipate that Williams Companies will post 0.77 earnings per share for the current year.

In related news, Director Kathleen B. Cooper sold 9,760 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $25.60, for a total value of $249,856.00. Following the transaction, the director now owns 41,887 shares in the company, valued at $1,072,307.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Creel purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average price of $25.77 per share, for a total transaction of $644,250.00. Following the purchase, the director now owns 20,907 shares of the company’s stock, valued at approximately $538,773.39. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 38,500 shares of company stock worth $993,625. 0.53% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on the company. Zacks Investment Research reissued a “buy” rating and set a $29.00 price target on shares of Williams Companies in a research report on Saturday, November 17th. UBS Group boosted their price target on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Mizuho assumed coverage on Williams Companies in a research report on Wednesday, November 28th. They set a “buy” rating and a $32.00 price target for the company. ValuEngine downgraded Williams Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, Morgan Stanley set a $35.00 price target on Williams Companies and gave the company an “overweight” rating in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $32.76.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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Dividend History for Williams Companies (NYSE:WMB)

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