The Williams Companies, Inc. (WMB) To Go Ex-Dividend on June 7th

The Williams Companies, Inc. (NYSE:WMB) declared a quarterly dividend on Tuesday, April 30th, RTT News reports. Stockholders 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 5.01%. The ex-dividend date of this dividend is Friday, June 7th.

Williams Companies has raised 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 payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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 Trading Down 1.2 %

NYSE:WMB opened at $37.89 on Thursday. The stock has a fifty day moving average price of $37.70 and a 200 day moving average price of $35.97. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. Williams Companies has a 12-month low of $28.27 and a 12-month high of $39.76. The firm has a market cap of $46.17 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 6.02 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts anticipate that Williams Companies will post 1.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WMB shares. Wolfe Research reissued an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. Truist Financial increased their target price on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. UBS Group boosted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday. Finally, Barclays lifted their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.22.

Williams Companies Company Profile

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.