Williams Companies Inc (NYSE:WMB) declared a quarterly dividend on Wednesday, August 14th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.38 per share by the pipeline company on Monday, September 30th. This represents a $1.52 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Thursday, September 12th.
Williams Companies has decreased its dividend by an average of 17.8% per year over the last three years. Williams Companies has a payout ratio of 192.4% indicating that 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 $1.08 per share next year, which means the company may not be able to cover its $1.52 annual dividend with an expected future payout ratio of 140.7%.
Shares of NYSE:WMB traded up $0.21 during midday trading on Wednesday, hitting $25.06. The company’s stock had a trading volume of 846,219 shares, compared to its average volume of 7,207,677. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.56 and a current ratio of 0.60. The stock’s 50 day simple moving average is $24.13 and its 200 day simple moving average is $26.91. The stock has a market capitalization of $30.22 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 3.87 and a beta of 1.56. Williams Companies has a fifty-two week low of $20.36 and a fifty-two week high of $29.55.
In related news, insider John D. Chandler acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $23.24 per share, with a total value of $232,400.00. Following the completion of the acquisition, the insider now owns 63,052 shares of the company’s stock, valued at $1,465,328.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson acquired 4,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the purchase, the senior vice president now owns 43,726 shares in the company, valued at approximately $1,031,933.60. The disclosure for this purchase can be found here. Insiders have acquired 44,000 shares of company stock worth $1,028,200 in the last quarter. Corporate insiders own 0.26% of the company’s stock.
Several equities research analysts have recently issued reports on WMB shares. Stifel Nicolaus lowered their price objective on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Scotia Howard Weill started coverage on shares of Williams Companies in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.60 target price for the company. Sanford C. Bernstein downgraded shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 price target for the company. in a report on Sunday, August 4th. Raymond James upgraded shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $29.51.
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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