Williams Companies Inc (NYSE:WMB) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.38 per share by the pipeline company on Monday, December 30th. This represents a $1.52 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend is Thursday, December 12th.
Shares of WMB stock traded up $0.01 on Friday, hitting $22.72. 4,829,023 shares of the stock traded hands, compared to its average volume of 10,859,270. The firm has a market cap of $27.53 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 3.52 and a beta of 1.54. The firm has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $25.05. Williams Companies has a 52 week low of $20.36 and a 52 week high of $29.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.43 and a quick ratio of 0.39.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, October 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Williams Companies had a net margin of 1.87% and a return on equity of 6.95%. Williams Companies’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. Sell-side analysts forecast that Williams Companies will post 0.99 EPS for the current year.
WMB has been the subject of several research analyst reports. Sanford C. Bernstein cut shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 target price for the company. in a research note on Sunday, August 4th. Barclays reaffirmed a “buy” rating and set a $28.00 target price on shares of Williams Companies in a research note on Wednesday, October 16th. TD Securities initiated coverage on shares of Williams Companies in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. UBS Group reaffirmed a “buy” rating and set a $29.00 target price (down from $30.00) on shares of Williams Companies in a research note on Monday, November 25th. Finally, ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Companies currently has an average rating of “Buy” and an average target price of $28.20.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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