Williams Companies (NYSE:WMB) Price Target Raised to $88.00

Williams Companies (NYSE:WMB) had its target price upped by Truist Financial from $84.00 to $88.00 in a report released on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the pipeline company’s stock.

Several other equities analysts also recently issued reports on the company. Royal Bank Of Canada upped their target price on Williams Companies from $83.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Stifel Nicolaus lifted their price target on Williams Companies from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. UBS Group reiterated a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 14th. Canadian Imperial Bank of Commerce increased their price objective on Williams Companies from $83.00 to $85.00 and gave the company an “outperformer” rating in a report on Tuesday, May 26th. Finally, Scotiabank raised their price objective on Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Buy” and an average target price of $85.33.

Williams Companies Trading Up 2.7%

NYSE WMB opened at $75.04 on Wednesday. The company has a 50 day moving average price of $73.27 and a 200 day moving average price of $72.90. The firm has a market cap of $91.79 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. Williams Companies has a 52 week low of $55.82 and a 52 week high of $80.07.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, sell-side analysts forecast that Williams Companies will post 2.43 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, September 11th. Williams Companies’s payout ratio is 83.67%.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.65, for a total value of $141,300.00. Following the completion of the sale, the senior vice president directly owned 281,159 shares in the company, valued at $19,863,883.35. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by insiders.

Institutional Trading of Williams Companies

Several large investors have recently bought and sold shares of WMB. Apella Capital LLC lifted its stake in Williams Companies by 2.3% in the 2nd quarter. Apella Capital LLC now owns 5,988 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 134 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Williams Companies by 0.9% during the 2nd quarter. Mirador Capital Partners LP now owns 16,153 shares of the pipeline company’s stock worth $1,201,000 after purchasing an additional 140 shares during the last quarter. Aletheian Wealth Advisors LLC grew its position in shares of Williams Companies by 3.8% in the second quarter. Aletheian Wealth Advisors LLC now owns 3,830 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 140 shares in the last quarter. Mill Creek Capital Advisors LLC increased its holdings in shares of Williams Companies by 2.4% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,000 shares of the pipeline company’s stock valued at $361,000 after purchasing an additional 141 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Williams Companies by 5.2% during the second quarter. Eagle Bay Advisors LLC now owns 2,986 shares of the pipeline company’s stock worth $222,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

About Williams Companies

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.