Williams Companies (NYSE:WMB) Price Target Raised to $52.00

Williams Companies (NYSE:WMB) had its price objective raised by equities research analysts at Truist Financial from $42.00 to $52.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the pipeline company’s stock. Truist Financial’s target price would indicate a potential downside of 6.02% from the stock’s previous close.

Several other brokerages have also recently issued reports on WMB. Bank of America began coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, Citigroup lifted their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $50.38.

Williams Companies Stock Up 4.3 %

WMB opened at $55.33 on Tuesday. The firm has a market capitalization of $67.43 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 5.84 and a beta of 1.03. Williams Companies has a one year low of $32.65 and a one year high of $55.79. The company has a fifty day moving average price of $48.40 and a 200-day moving average price of $44.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Equities research analysts expect that Williams Companies will post 1.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Williams Companies

Several institutional investors have recently added to or reduced their stakes in WMB. Clearbridge Investments LLC lifted its position in Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after acquiring an additional 1,175,628 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in Williams Companies by 1.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after purchasing an additional 144,713 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Williams Companies by 13.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after acquiring an additional 1,010,658 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after buying an additional 618,056 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.