Williams Companies (NYSE:WMB) Price Target Raised to $55.00

Williams Companies (NYSE:WMB) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $45.00 to $55.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the pipeline company’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 5.40% from the stock’s previous close.

Several other brokerages also recently commented on WMB. Truist Financial upped their target price on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. CIBC upped their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Barclays increased their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.79.

Williams Companies Trading Down 0.4 %

WMB opened at $58.14 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The company has a market cap of $70.87 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 5.99 and a beta of 1.03. The firm has a 50 day simple moving average of $52.12 and a 200 day simple moving average of $46.08. Williams Companies has a fifty-two week low of $32.65 and a fifty-two week high of $60.36.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Williams Companies will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Williams Companies

Large investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of Williams Companies in the third quarter valued at about $30,000. SouthState Corp bought a new position in shares of Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the second quarter valued at about $34,000. Rosenberg Matthew Hamilton raised its position in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. Finally, Quarry LP acquired a new stake in Williams Companies in the 2nd quarter worth about $35,000. 86.44% of the stock is owned by institutional investors.

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.