Williams Companies Inc (NYSE:WMB) declared a quarterly dividend on Wednesday, July 29th, RTT News reports. Shareholders of record on Friday, September 11th will be paid a dividend of 0.40 per share by the pipeline company on Monday, September 28th. This represents a $1.60 annualized dividend and a dividend yield of 8.27%. The ex-dividend date is Thursday, September 10th.
Williams Companies has decreased its dividend payment by an average of 9.5% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Williams Companies has a dividend payout ratio of 161.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Williams Companies to earn $1.00 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 160.0%.
Shares of WMB stock opened at $19.34 on Friday. The business’s fifty day simple moving average is $19.09 and its 200-day simple moving average is $18.91. The company has a market cap of $23.46 billion, a PE ratio of 161.17, a PEG ratio of 3.49 and a beta of 1.80. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.44. Williams Companies has a 12-month low of $8.41 and a 12-month high of $26.28.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Williams Companies had a return on equity of 7.58% and a net margin of 1.89%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Williams Companies will post 1.08 earnings per share for the current year.
Several brokerages have weighed in on WMB. Goldman Sachs Group raised Williams Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $19.00 to $23.00 in a research report on Monday, April 20th. Credit Suisse Group lowered shares of Williams Companies from an “outperform” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research note on Tuesday, May 12th. They noted that the move was a valuation call. Raymond James increased their target price on shares of Williams Companies from $22.00 to $24.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 21st. Mizuho increased their target price on shares of Williams Companies from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $21.00 in a research note on Monday, April 27th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Williams Companies has a consensus rating of “Buy” and a consensus price target of $24.31.
Williams Companies Company Profile
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.
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.