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

Williams Companies (NYSE:WMB) had its price objective upped by analysts at The Goldman Sachs Group from $45.00 to $55.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the pipeline company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 5.74% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada 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 report on Wednesday, October 16th. Finally, Mizuho lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus target price of $51.79.

Williams Companies Price Performance

Shares of WMB stock opened at $58.35 on Tuesday. 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 has a 12 month low of $32.65 and a 12 month high of $60.36. The firm has a market cap of $71.13 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 6.14 and a beta of 1.03. The stock has a 50-day moving average price of $51.60 and a 200 day moving average price of $45.86.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business 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 company posted $0.45 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Research analysts expect that Williams Companies will post 1.92 EPS for the current 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 on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Williams Companies in the third quarter valued at $30,000. SouthState Corp purchased a new position in Williams Companies during the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. purchased a new stake in Williams Companies in the second quarter worth about $34,000. Rosenberg Matthew Hamilton increased its stake 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 valued at $34,000 after purchasing an additional 252 shares in the last quarter. Finally, Quarry LP bought a new stake in Williams Companies in the second quarter worth $35,000. Institutional investors own 86.44% of the company’s stock.

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.