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

Williams Companies (NYSE:WMB) had its price target raised by stock analysts at Barclays from $56.00 to $58.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s target price indicates a potential downside of 2.68% from the company’s previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. CIBC increased their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Citigroup increased their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average price target of $55.21.

Williams Companies Trading Down 0.3 %

NYSE WMB opened at $59.60 on Friday. The company has a fifty day simple moving average of $57.09 and a two-hundred day simple moving average of $53.99. The stock has a market cap of $72.67 billion, a P/E ratio of 32.57, a P/E/G ratio of 5.01 and a beta of 1.03. Williams Companies has a 12-month low of $37.18 and a 12-month high of $61.46. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, analysts forecast that Williams Companies will post 2.08 earnings per share for the current year.

Insider Activity

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Williams Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Board of the Pension Protection Fund acquired a new stake in shares of Williams Companies in the fourth quarter valued at approximately $720,000. Foundations Investment Advisors LLC increased its holdings in shares of Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock valued at $8,811,000 after purchasing an additional 19,782 shares during the last quarter. Golden State Equity Partners increased its holdings in shares of Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after purchasing an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after purchasing an additional 83,429 shares during the last quarter. Finally, Myriad Asset Management US LP acquired a new stake in shares of Williams Companies in the fourth quarter valued at approximately $995,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

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.