The Williams Companies, Inc. (NYSE:WMB – Get Free Report) announced a quarterly dividend on Tuesday, April 30th, RTT News reports. Investors of record on Friday, June 7th will be given a dividend of 0.475 per share by the pipeline company on Monday, June 24th. This represents a $1.90 annualized dividend and a dividend yield of 4.92%.
Williams Companies has increased its dividend payment by an average of 3.8% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Williams Companies has a dividend payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Williams Companies to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 94.1%.
Williams Companies Price Performance
Shares of WMB traded down $0.58 during mid-day trading on Tuesday, reaching $38.63. The company had a trading volume of 2,952,961 shares, compared to its average volume of 6,927,745. The company’s 50 day simple moving average is $37.55 and its 200 day simple moving average is $35.93. The company has a market capitalization of $47.07 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 6.14 and a beta of 1.04. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77.
Wall Street Analyst Weigh In
WMB has been the topic of a number of recent analyst reports. Barclays upped their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Wolfe Research reissued an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial boosted their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.22.
View Our Latest Analysis on WMB
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.
See Also
- Five stocks we like better than Williams Companies
- What Are Dividend Achievers? An Introduction
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Consumer Staples Stocks, Explained
- Hilton Demonstrates Asset Light is Right for Investors
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.