Williams Companies (NYSE:WMB) Given New $29.00 Price Target at Citigroup

Williams Companies (NYSE:WMB) had its price objective increased by Citigroup from $27.00 to $29.00 in a report released on Thursday morning, The Fly reports.

Several other research firms have also weighed in on WMB. Wells Fargo & Company lifted their target price on shares of Williams Companies from $31.00 to $34.00 and gave the company an overweight rating in a report on Thursday, December 16th. Credit Suisse Group lifted their target price on shares of Williams Companies from $30.00 to $33.00 and gave the company an outperform rating in a report on Thursday, November 11th. Raymond James boosted their price target on shares of Williams Companies from $30.00 to $33.00 and gave the stock a strong-buy rating in a report on Monday, October 18th. TD Securities boosted their price target on shares of Williams Companies from $29.00 to $30.00 and gave the stock a buy rating in a report on Thursday, November 4th. Finally, US Capital Advisors lowered shares of Williams Companies from an overweight rating to a hold rating in a report on Thursday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Williams Companies currently has an average rating of Buy and a consensus price target of $30.27.

NYSE WMB traded up $0.03 on Thursday, hitting $28.96. 132,804 shares of the company’s stock traded hands, compared to its average volume of 10,768,379. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.46. Williams Companies has a 1-year low of $21.05 and a 1-year high of $29.89. The firm’s 50-day moving average price is $27.28 and its two-hundred day moving average price is $26.50. The firm has a market capitalization of $35.19 billion, a PE ratio of 35.28, a P/E/G ratio of 6.80 and a beta of 1.40.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Sunday, October 31st. The pipeline company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Williams Companies had a net margin of 10.67% and a return on equity of 10.84%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. On average, research analysts anticipate that Williams Companies will post 1.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 27th. Stockholders of record on Friday, December 10th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, December 9th. This represents a $1.64 annualized dividend and a dividend yield of 5.66%. Williams Companies’s payout ratio is 200.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMB. Parisi Gray Wealth Management acquired a new position in Williams Companies in the second quarter valued at about $26,000. GeoWealth Management LLC purchased a new stake in shares of Williams Companies during the second quarter worth approximately $30,000. Exchange Traded Concepts LLC increased its stake in Williams Companies by 47.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,367 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 443 shares during the last quarter. D Orazio & Associates Inc. acquired a new stake in shares of Williams Companies in the third quarter valued at approximately $41,000. Finally, AllSquare Wealth Management LLC lifted its holdings in shares of Williams Companies by 46.3% during the third quarter. AllSquare Wealth Management LLC now owns 1,579 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 500 shares during the period. 83.78% of the stock is currently owned by institutional investors.

About Williams Companies

The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.

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