In today’s recent session, 2,151,822 shares of the The Williams Companies, Inc. (NYSE:WMB) have been traded, and its beta is 1.54. Most recently the company’s share price was $23.89, and it changed around $0.12 or 0% from the last close, which brings the market valuation of the company to $29.03 Billion. WMB at last check was trading at a discount to its 52-week high of $24.69, offering almost -3.35% off that amount. The share price’s 52-week low was $14.14, which indicates that the recent value has risen by an impressive 40.81% since then. We note from The Williams Companies, Inc.’s average daily trading volume that its 10-day average is 7.95 Million shares, with the 3-month average coming to 9.23 Million.
The Williams Companies, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 25 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended WMB as a Hold, whereas 18 deemed it a Buy, and no one rated it as Underweight. The Williams Companies, Inc. is expected to report earnings per share of $0.29 for the current quarter.
The Williams Companies, Inc. (NYSE:WMB): Trading Information Today
Instantly WMB has been showing a green trend so far today with a performance of 0.48% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $24.05 on Tuesday, Apr 06 increased the stock’s daily price by 0.71%. The company’s shares are currently up 0.19% year-to-date, but still up 0.0084 over the last five days. On the other hand, The Williams Companies, Inc. (NYSE:WMB) is -0.02% down in the 30-day period. We can see from the shorts that 23.89 Million shares have been sold at a short interest cover period of 2.59 day (s).
The consensus price target as assigned by Wall Street analysts is $26.48, which translates to bears needing to increase their stock price by 10.84% from its current value. Analyst projections state that WMB is forecast to be at a low of $24 and a high of $29. In order for the stock price to hit the forecast high, the stock would need to surge +21.39% from its current level, while the stock would need to crash 0.46% from its current level to reach the projected low.
The Williams Companies, Inc. (WMB) projections and forecasts
The Williams Companies, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +24.52 percent over the past six months and at a 3.64% annual growth rate that is well below the industry average of 12.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +167.4% in revenue this quarter, and will report an increase of 12% in the next quarter. The year-over-year growth rate is expected to be 10.5%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $1.89 Billion in revenue for the current quarter. 6 analysts expect The Williams Companies, Inc. to make $1.86 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $1.91 Billion and $1.78 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1%. Forecasts for the next quarter put sales growth at 4.2%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 17.3%. The Williams Companies, Inc. earnings are expected to decrease by -75.9% in 2021, but the outlook is positive 5% per year for the next five years.
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WMB Dividend Yield
The Williams Companies, Inc.’s next quarterly earnings report is expected to be released around May 03 – May 07, 2021. The annual dividend yield of the stock is 6.9 percent and its annual dividend per share was $1.64. It is important to note, however, that the 6.9% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 6.29% per year.
The Williams Companies, Inc. (NYSE:WMB)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.21% of The Williams Companies, Inc. shares, and 86.21% of them are in the hands of institutional investors. The stock currently has a share float of 86.39%. The Williams Companies, Inc. stock is held by 1159 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 8.9% of the shares, which is about 108.08 Million shares worth $2.17 Billion.
Vanguard Group, Inc. (The), with 8.83% or 107.16 Million shares worth $2.15 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Select Sector SPDR Fund-Energy Select were the top two Mutual Funds as of Dec 30, 2020. The former held 30818500 shares worth $617.91 Million, making up 2.54% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 28.51 Million shares worth around $651.09 Million, which represents about 2.35% of the total shares outstanding.