Williams Companies, Inc. (The) (NYSE:WMB) declared a quarterly dividend on Thursday, August 17th, RTT News reports. Stockholders of record on Friday, September 8th will be paid a dividend of 0.30 per share by the pipeline company on Monday, September 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, September 7th.
Williams Companies, Inc. (The) has increased its dividend payment by an average of 5.3% per year over the last three years. Williams Companies, Inc. (The) has a payout ratio of 169.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Williams Companies, Inc. (The) to earn $0.86 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 139.5%.
Williams Companies, Inc. (NYSE:WMB) opened at 30.41 on Wednesday. Williams Companies, Inc. has a 12 month low of $27.35 and a 12 month high of $32.69. The stock’s 50 day moving average price is $30.29 and its 200-day moving average price is $29.84. The firm has a market capitalization of $25.14 billion, a P/E ratio of 47.97 and a beta of 1.39.
Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $0.19 EPS. On average, analysts forecast that Williams Companies, Inc. will post $0.85 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Scotiabank set a $30.00 price objective on Williams Companies, Inc. (The) and gave the company a “hold” rating in a research note on Saturday, July 22nd. Barclays PLC upgraded Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $36.00 in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada increased their target price on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.00.
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In other news, CEO Alan S. Armstrong purchased 15,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the transaction, the chief executive officer now owns 345,527 shares in the company, valued at $9,882,072.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen I. Chazen bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $28.93 per share, for a total transaction of $144,650.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $289,300. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 37,750 shares of company stock worth $1,072,780. 0.50% of the stock is owned by insiders.
About Williams Companies, Inc. (The)
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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