Williams Companies (NYSE:WMB) Stock Price Expected to Rise, Scotiabank Analyst Says

Williams Companies (NYSE:WMB) had its target price lifted by investment analysts at Scotiabank from $51.00 to $53.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the pipeline company’s stock. Scotiabank’s price target points to a potential downside of 2.52% from the company’s current price.

Several other equities analysts also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. UBS Group upped their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays upped their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Citigroup upped their price target on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. One research 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’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average target price of $55.07.

Williams Companies Stock Performance

Shares of WMB stock opened at $54.37 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average of $56.70 and a two-hundred day moving average of $53.08. Williams Companies has a 52 week low of $35.78 and a 52 week high of $61.46. The company has a market cap of $66.30 billion, a P/E ratio of 29.71, a PEG ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, analysts anticipate that Williams Companies will post 2.08 EPS for the current year.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 8,896 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the transaction, the chief accounting officer now directly owns 22,339 shares in the company, valued at $1,284,492.50. The trade was a 28.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Quent Capital LLC bought a new stake in Williams Companies in the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in Williams Companies in the fourth quarter worth $25,000. Menard Financial Group LLC bought a new stake in Williams Companies in the fourth quarter worth $26,000. AlphaMark Advisors LLC bought a new stake in Williams Companies in the fourth quarter worth $27,000. Finally, Sandy Spring Bank bought a new stake in Williams Companies in the fourth quarter worth $27,000. 86.44% of the stock is currently owned by hedge funds and other 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.