Williams Companies, Inc. (The) (NYSE:WMB – Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, June 12th will be given a dividend of 0.525 per share by the pipeline company on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th.
Williams Companies has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 9 years. Williams Companies has a dividend payout ratio of 86.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Williams Companies to earn $2.71 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 77.5%.
Williams Companies Stock Up 0.3%
NYSE WMB opened at $73.27 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The stock’s 50 day moving average is $73.06 and its two-hundred day moving average is $65.79. The company has a market capitalization of $89.50 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.20 and a beta of 0.63. Williams Companies has a 1-year low of $55.82 and a 1-year high of $76.87.
Analyst Ratings Changes
A number of research analysts have recently issued reports on WMB shares. Wolfe Research upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Scotiabank lifted their target price on shares of Williams Companies from $84.00 to $85.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 1st. Jefferies Financial Group lifted their target price on shares of Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Stifel Nicolaus lifted their target price on shares of Williams Companies from $69.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Zacks Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $78.60.
Get Our Latest Stock Report on Williams Companies
Williams Companies Company Profile
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.
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