Williams Companies Inc (NYSE:WMB) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Investors of record on Friday, March 9th will be given a dividend of 0.34 per share by the pipeline company on Monday, March 26th. This represents a $1.36 dividend on an annualized basis and a yield of 4.75%. This is a boost from Williams Companies’s previous quarterly dividend of $0.30.
Williams Companies has decreased its dividend payment by an average of 15.1% per year over the last three years. Williams Companies has a dividend payout ratio of 187.5% meaning 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 to earn $1.00 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 120.0%.
Williams Companies (NYSE WMB) traded down $0.47 on Wednesday, reaching $28.62. 3,519,140 shares of the company were exchanged, compared to its average volume of 5,945,750. The firm has a market capitalization of $23,903.83, a price-to-earnings ratio of 11.09, a PEG ratio of 2.42 and a beta of 1.32. Williams Companies has a 52-week low of $26.82 and a 52-week high of $33.67. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.44%. During the same period in the previous year, the business posted ($0.02) EPS. equities analysts anticipate that Williams Companies will post 0.92 EPS for the current year.
Several equities analysts have weighed in on WMB shares. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of Williams Companies in a report on Tuesday, January 16th. Credit Suisse Group started coverage on shares of Williams Companies in a report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price on the stock. Morgan Stanley decreased their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Finally, Jefferies Group reiterated a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.20.
In other news, insider James E. Scheel sold 26,915 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total value of $888,195.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.
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Williams Companies Company Profile
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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