The stock of The Williams Companies Inc. (NYSE:WMB) decreased by -$0.24 on Friday to finish at $35.14, down -0.67 percent. The last five days have seen an average of 5,159,765 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $2.17. The average number of shares traded over the last 20 days was 5,591,736, while the average volume over the last 50 days totaled 7,378,063.
WMB stock appreciated 5.28% since last month. On 07/18/23, the company’s shares reached a one-month low of $32.97. The stock touched a high of $35.79 on 08/09/23, after rallying from a low of $27.80 in 52 weeks. The price of WMB stock has risen by 6.82% or $2.17 this year, reaching a new high 13 times. Still, the stock price is down -1.81% from the 52-week high.
Insider Transactions
WMB stock investors should be aware that The Williams Companies Inc. (WMB) stock had its last reported insider trading activity 38 days ago on Jul 07. On Jul 07, SVP Transmission & Gulf of Mex Hallam Scott A. sold 7,193 shares at $33.00 each. This transaction resulted in the insider making $237,369. On Jun 28, Hallam Scott A. sold 7,194 shares at a price of US$32.00. After the transaction, the insider now owns 234,166 shares. SVP Transmission & Gulf of Mex Hallam Scott A. had earlier sold 7,194 shares on Jun 21 for $31.00 a share. The transaction was completed for $223,014.
Valuation Metrics
The Williams Companies Inc. (WMB) has a trailing price-to-earnings (P/E) ratio of 15.70. Beta for the stock is 1.19. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.68, the price-to-book (PB) ratio of 3.68, and the price-to-cash flow ratio of 15.36.
Company paid $0.4475 per share in dividends, remained unchanged from $0.4475 last year. A $0.0225 dividend increase was reported on Tuesday January 31 2023.
Financial Health
For the three months ended June 29, The Williams Companies Inc.’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.85, and the total debt to equity ratio is 2.10. As far as profitability goes, gross margin for the trailing twelve months is 75.70% percent. The Williams Companies Inc.’s EBITDA margin for the year ended June 29 was 47.45%, whereas its operating margin stood at 35.80% for the same period. Based on annual data, it had gross profit of $3.02 billion and revenue of $10.96 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WMB’s return on assets (ROA) during the last 12 months has been 5.40%. There was a 7.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.00%.
Earnings Surprise
According to The Williams Companies Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.48 billion, while revenues fell by -0.28% to $3.08 billion. It was predicted that The Williams Companies Inc.’s quarterly earnings would be $0.38, but it ended up being $0.39, beating the consensus by -2.60%. EBITDA was $1.41 billion for the quarter. At the end of The Williams Companies Inc.’s most recent quarter ended June 29, its liabilities totaled 34.82 billion, while its total debt was $24.41 billion. Equity owned by shareholders amounts to $1.22 billion.
Technical Picture
Here’s a quick look at The Williams Companies Inc.’s (WMB) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 64.04%, suggesting the stock is Neutral, with a 16.76% historical volatility rate.
The stochastic %K and %D were 86.83% and 87.64% respectively, while the average true range (ATR) was 0.59. Based on the 14-day stochastic reading of 82.42%, the RSI (14) reading is 65.18%. On the 9-day MACD Oscillator, the stock is at 0.44, and the 14-day reading is at 0.65.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on The Williams Companies Inc. (NYSE: WMB) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned The Williams Companies Inc. (WMB) an Overweight rating. WMB is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is WMB’s price target for the next 12 months?
The current consensus forecast for the stock is between $31.00 and $41.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for The Williams Companies Inc. (WMB) is $37.33.
