The Goldman Sachs Group Boosts Williams Companies (NYSE:WMB) Price Target to $55.00

Williams Companies (NYSE:WMB) had its target price increased 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 currently has a “neutral” rating on the pipeline company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 5.40% from the stock’s previous close.

A number of other brokerages have also recently weighed in on WMB. Mizuho boosted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial lifted their target price on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays upped their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average price target of $51.79.

Williams Companies Stock Down 0.4 %

WMB stock opened at $58.14 on Tuesday. The company has a 50 day moving average of $52.12 and a two-hundred day moving average of $46.08. The company has a market cap of $70.87 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 5.99 and a beta of 1.03. Williams Companies has a 12-month low of $32.65 and a 12-month high of $60.36. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly 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. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities analysts anticipate that Williams Companies will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Williams Companies

A number of large investors have recently modified their holdings of WMB. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the third quarter worth approximately $30,000. SouthState Corp acquired a new position in shares of Williams Companies during the second quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies during the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton lifted its position in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth approximately $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

About Williams Companies

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.