Williams Companies (NYSE:WMB) Stock Gets Price Target Reduction from Canadian Imperial Bank of Commerce

Williams Companies (NYSE:WMB) had its price objective reduced by Canadian Imperial Bank of Commerce from $85.00 to $82.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperformer rating on the pipeline company’s stock.

Several other brokerages also recently commented on WMB. Jefferies Financial Group lowered their price objective on Williams Companies from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research note on Monday, September 21st. Truist Financial increased their target price on Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Melius Research began coverage on Williams Companies in a research note on Tuesday, September 22nd. They set a “buy” rating and a $84.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Williams Companies from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Buy” and a consensus target price of $86.06.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $71.71 on Thursday. The firm has a fifty day moving average price of $72.18 and a 200-day moving average price of $73.01. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The stock has a market cap of $87.71 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64. Williams Companies has a 1 year low of $56.19 and a 1 year high of $80.07.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. Williams Companies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities analysts anticipate that Williams Companies will post 2.42 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Friday, September 11th were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 11th. Williams Companies’s dividend payout ratio (DPR) is presently 83.67%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Wilson sold 2,000 shares of Williams Companies stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $67.85, for a total value of $135,700.00. Following the sale, the senior vice president directly owned 262,259 shares in the company, valued at approximately $17,794,273.15. The trade was a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $1,401,430. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of Williams Companies in the second quarter worth about $3,320,606,000. Wellington Management Group LLP boosted its stake in Williams Companies by 43.4% during the second quarter. Wellington Management Group LLP now owns 33,097,208 shares of the pipeline company’s stock valued at $2,460,446,000 after buying an additional 10,013,946 shares during the last quarter. Amundi boosted its stake in Williams Companies by 20.9% during the first quarter. Amundi now owns 11,710,478 shares of the pipeline company’s stock valued at $852,289,000 after buying an additional 2,020,899 shares during the last quarter. Legal & General Group Plc bought a new position in Williams Companies during the second quarter valued at approximately $596,077,000. Finally, Kayne Anderson Capital Advisors LP purchased a new position in Williams Companies during the 2nd quarter valued at approximately $500,305,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

About Williams Companies

The Williams Companies, Inc is an energy infrastructure company headquartered in Tulsa, Oklahoma. Founded in 1908 as Williams Brothers, the company has evolved from an early pipeline contractor into a major operator of natural gas infrastructure in the United States.

Williams primarily gathers, processes, transports and stores natural gas and natural gas liquids. Its assets include interstate and regional pipelines, gas processing and fractionation facilities, storage operations, and gathering systems that connect producers with utilities, industrial customers, power generators and other energy markets.