Williams Companies (NYSE:WMB) PT Raised to $40.00

Williams Companies (NYSE:WMBGet Rating) had its price objective increased by investment analysts at Morgan Stanley from $34.00 to $40.00 in a report released on Tuesday, The Fly reports. Morgan Stanley’s price target indicates a potential upside of 17.99% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Citigroup upped their price target on shares of Williams Companies from $27.00 to $29.00 in a research report on Thursday, January 13th. Bank of America boosted their price objective on shares of Williams Companies from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, January 18th. Raymond James boosted their price objective on shares of Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 20th. Barclays upped their target price on shares of Williams Companies from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 23rd. Finally, Credit Suisse Group upped their target price on shares of Williams Companies from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, March 16th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $34.36.

Shares of NYSE WMB opened at $33.90 on Tuesday. Williams Companies has a 52-week low of $23.53 and a 52-week high of $36.37. The firm has a fifty day moving average of $32.77 and a 200-day moving average of $29.81. The stock has a market capitalization of $41.21 billion, a PE ratio of 27.34, a P/E/G ratio of 7.14 and a beta of 1.27. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.54.

Williams Companies (NYSE:WMBGet Rating) last announced its quarterly earnings results on Monday, February 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Williams Companies had a net margin of 14.27% and a return on equity of 11.60%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the company earned $0.31 EPS. Equities research analysts expect that Williams Companies will post 1.43 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 dated Wednesday, February 23rd. The shares were sold at an average price of $30.18, for a total value of $4,723,864.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott A. Hallam sold 12,838 shares of the company’s stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $33.86, for a total transaction of $434,694.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 304,200 shares of company stock valued at $9,437,992. Insiders own 0.43% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Williams Companies by 8.0% in the fourth quarter. BlackRock Inc. now owns 108,224,766 shares of the pipeline company’s stock valued at $2,818,173,000 after acquiring an additional 8,047,294 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Williams Companies by 3.1% in the third quarter. Deutsche Bank AG now owns 27,201,917 shares of the pipeline company’s stock valued at $705,616,000 after acquiring an additional 805,296 shares in the last quarter. Franklin Resources Inc. lifted its stake in Williams Companies by 0.9% during the third quarter. Franklin Resources Inc. now owns 26,090,748 shares of the pipeline company’s stock valued at $676,795,000 after purchasing an additional 227,198 shares during the last quarter. Geode Capital Management LLC lifted its stake in Williams Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 23,035,416 shares of the pipeline company’s stock valued at $598,316,000 after purchasing an additional 577,908 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Williams Companies by 10.9% during the third quarter. Bank of New York Mellon Corp now owns 15,064,224 shares of the pipeline company’s stock valued at $390,767,000 after purchasing an additional 1,477,599 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

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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