Truist Financial Boosts Williams Companies (NYSE:WMB) Price Target to $40.00

Williams Companies (NYSE:WMB) had its target price upped by Truist Financial from $35.00 to $40.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a hold rating on the pipeline company’s stock.

WMB has been the subject of a number of other research reports. UBS Group increased their target price on Williams Companies from $41.00 to $42.00 and gave the company a buy rating in a research note on Thursday, February 15th. Mizuho increased their target price on Williams Companies from $41.00 to $43.00 and gave the stock a buy rating in a report on Thursday, December 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $38.09.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $38.95 on Monday. The firm has a market capitalization of $47.46 billion, a PE ratio of 14.87, a P/E/G ratio of 6.05 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The business has a 50-day moving average of $35.50 and a two-hundred day moving average of $35.15. Williams Companies has a 12 month low of $28.27 and a 12 month high of $39.09.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, research analysts forecast that Williams Companies will post 1.8 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.88%. Williams Companies’s dividend payout ratio is currently 72.52%.

Institutional Investors Weigh In On Williams Companies

A number of large investors have recently bought and sold shares of the business. Patten Group Inc. boosted its position in Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after buying an additional 296 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in Williams Companies by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock valued at $353,000 after buying an additional 298 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its position in Williams Companies by 1.1% in the 2nd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 26,922 shares of the pipeline company’s stock valued at $878,000 after buying an additional 300 shares during the last quarter. Buckley Wealth Management LLC lifted its stake in shares of Williams Companies by 1.0% in the 3rd quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock valued at $1,040,000 after purchasing an additional 300 shares during the period. Finally, Horan Securities Inc. lifted its stake in shares of Williams Companies by 2.6% in the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 300 shares during the period. 86.44% of the stock is currently owned by institutional investors.

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.