Williams Cos Inc (NYSE:WMB) finished Thursday with an addition of $0.31 to close at $34.41, an upside of 0.91 percent. An average of 5,932,000 shares of common stock have been traded in the last five days. There was a gain of $0.96 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 6,086,865 shares traded, while the 50-day average volume stands at 5,715,170.
WMB stock has decreased by -1.35% in the last month. The company shares reached their 1-month lowest point of $33.36 on 09/21/23. With the stock rallying to its 52-week high on 08/09/23, shares of the company touched a low of $27.80 and a high of $35.46 in 52 weeks. It has reached a new high 13 times so far this year and achieved 4.59% or $1.51 in price. In spite of this, the price is down -2.96% from the 52-week high.
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Insider Transactions
WMB stock investors should be aware that Williams Cos Inc (WMB) stock had its last reported insider trading activity 84 days ago on Jul 07. In this transaction, the insider spent $237,369. SVP Transmission & Gulf of Mex, Hallam Scott A., disposed of 7,194 shares at a price of $32.00 on Jun 28. The insider now owns more than $230,208 worth of shares. Prior to that, SVP Transmission & Gulf of Mex Hallam Scott A. went on to Sale 7,194 shares at $31.00 each on Jun 21. An amount of $223,014 was transacted.
Valuation Metrics
Williams Cos Inc (WMB) has a trailing price-to-earnings (P/E) ratio of 15.87. The stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.89, the price-to-book (PB) ratio at 3.60, and the price-to-cash flow ratio at 15.18.
The company has a payout ratio of 101.59%. The company’s most recent quarterly dividend payment was $0.4475 a share, without any change from last year. Its latest increase dividend $0.0225 reported on Tuesday January 31 2023.
Financial Health
The quick ratio of Williams Cos Inc for the three months ended June 29 was 0.44, and the current ratio was 0.49, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.84 and a total debt to equity ratio of 2.09 for the quarter ending June 29. Williams Cos Inc’s EBITDA margin for the year ending June 29 is 47.45%, while its operating margin for the same period stands at 30.49%. Its gross profit as reported stood at $3.02 billion compared to revenue of $10.96 billion.
Earnings Surprise
For the three-month period that ended June 29, Williams Cos Inc had $21.53 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $460.0 million in the quarter, while revenues were grew 13.04%. The analyst consensus anticipated Williams Cos Inc’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.38, a -2.60% surprise. For the quarter, EBITDA amounted to $1.41 billion. Shareholders own equity worth $1.22 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Williams Cos Inc (WMB) price momentum. RSI 9-day as of the close on 28 September was 55.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.40%.
As of today, WMB’s price is $33.93 +2.87% or $0.96 from its 5-day moving average. WMB is currently trading -1.69% lower than its 20-day SMA and +14.02% higher than its 100-day SMA. However, the stock’s current price level is +3.27% above the SMA50 and +5.58% above the SMA200.
The stochastic %K and %D were 45.40% and 34.96%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 71.17% and the average true range at 0.55, the RSI (14) stands at 53.10%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.06.
Analyst Ratings
Citigroup upgraded Williams Cos Inc (NYSE: WMB) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Williams Cos Inc (WMB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WMB, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.
What is WMB’s price target for the next 12 months?
Analysts predict a range of price targets between $31.00 and $42.00, with a median target of $38.50. Taking a look at these predictions, the average price target given by analysts for Williams Cos Inc (WMB) stock is $37.82.
