The Williams Companies, Inc. (WMB) to Issue Quarterly Dividend of $0.48 on December 30th

by · The Markets Daily

The Williams Companies, Inc. (NYSE:WMB – Get Free Report) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.475 per share by the pipeline company on Monday, December 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, December 13th.

Williams Companies has raised its dividend payment by an average of 3.8% annually over the last three years. Williams Companies has a payout ratio of 90.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Williams Companies to earn $2.11 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 90.0%.

Williams Companies Price Performance

Shares of WMB stock opened at $55.33 on Thursday. The business’s fifty day moving average is $48.40 and its 200 day moving average is $44.14. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The stock has a market cap of $67.43 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 5.84 and a beta of 1.03. Williams Companies has a twelve month low of $32.65 and a twelve month high of $55.79.

Williams Companies (NYSE:WMB – Get Free Report) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. Research analysts expect that Williams Companies will post 1.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WMB shares. UBS Group raised their price objective on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Citigroup raised their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Bank of America started coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. Truist Financial increased their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Scotiabank raised their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.38.

Check Out Our Latest Research Report on WMB

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Company Profile

(Get Free Report)

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.

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