Williams Companies (NYSE:WMB) Price Target Raised to $40.00

Williams Companies (NYSE:WMBGet Rating) had its price target boosted by equities researchers at Raymond James from $36.00 to $40.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “strong-buy” rating on the pipeline company’s stock. Raymond James’ price target suggests a potential upside of 12.96% from the stock’s previous close.

WMB has been the topic of several other reports. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, March 22nd. Mizuho raised their price target on Williams Companies from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, March 17th. StockNews.com began coverage on shares of Williams Companies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group boosted their price target on shares of Williams Companies from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, March 16th. Finally, Citigroup increased their price objective on shares of Williams Companies from $27.00 to $29.00 in a research note on Thursday, January 13th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Williams Companies presently has an average rating of “Buy” and a consensus target price of $33.92.

WMB stock opened at $35.41 on Wednesday. Williams Companies has a 12 month low of $23.21 and a 12 month high of $35.82. The firm’s 50-day moving average is $32.38 and its 200 day moving average is $29.58. The company has a market capitalization of $43.04 billion, a PE ratio of 28.56, a P/E/G ratio of 7.24 and a beta of 1.27. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.84.

Williams Companies (NYSE:WMBGet Rating) last issued its earnings results on Monday, February 21st. The pipeline company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.08. Williams Companies had a net margin of 14.27% and a return on equity of 11.60%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm earned $0.31 EPS. Sell-side analysts forecast that Williams Companies will post 1.4 EPS for the current fiscal year.

In other Williams Companies news, CEO Alan S. Armstrong sold 156,523 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $30.18, for a total transaction of $4,723,864.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Walter J. Bennett sold 24,219 shares of Williams Companies stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $29.70, for a total transaction of $719,304.30. The disclosure for this sale can be found here. Insiders sold a total of 304,200 shares of company stock valued at $9,437,992 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in WMB. American National Bank lifted its position in Williams Companies by 63.6% during the first quarter. American National Bank now owns 908 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 353 shares during the period. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Williams Companies in the fourth quarter worth about $26,000. First Financial Corp IN acquired a new stake in Williams Companies during the first quarter worth about $33,000. CVA Family Office LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $33,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Williams Companies by 47.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,367 shares of the pipeline company’s stock worth $36,000 after purchasing an additional 443 shares during the period. 85.55% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Company Profile (Get Rating)

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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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