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

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

WMB has been the topic of a number of other reports. Scotiabank raised their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Bank of America initiated coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Royal Bank of Canada increased 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 Wednesday, October 16th. UBS Group upped their price target on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average price target of $50.38.

Williams Companies Stock Performance

Williams Companies stock opened at $55.33 on Tuesday. The stock has a fifty day moving average price of $48.40 and a two-hundred 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 has a 52-week low of $32.65 and a 52-week high of $55.79. The firm has a market capitalization of $67.43 billion, a P/E ratio of 23.75, a P/E/G ratio of 5.84 and a beta of 1.03.

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

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Atlanta Consulting Group Advisors LLC bought a new stake in Williams Companies in the 3rd quarter valued at about $647,000. GoalVest Advisory LLC raised its holdings in shares of Williams Companies by 3.1% in the 3rd quarter. GoalVest Advisory LLC now owns 32,741 shares of the pipeline company’s stock worth $1,495,000 after acquiring an additional 974 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Williams Companies by 1.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 267,416 shares of the pipeline company’s stock valued at $12,208,000 after acquiring an additional 3,796 shares in the last quarter. Kinsale Capital Group Inc. boosted its stake in Williams Companies by 16.1% during the 3rd quarter. Kinsale Capital Group Inc. now owns 135,076 shares of the pipeline company’s stock valued at $6,166,000 after purchasing an additional 18,747 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Williams Companies by 10.1% in the third quarter. Natixis Advisors LLC now owns 844,464 shares of the pipeline company’s stock worth $38,550,000 after purchasing an additional 77,253 shares during the last quarter. 86.44% of the stock is 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.