Williams Companies’ (WMB) “Underperform” Rating Reiterated at Wolfe Research

Williams Companies (NYSE:WMB)‘s stock had its “underperform” rating restated by Wolfe Research in a research note issued on Thursday, Marketbeat.com reports. They presently have a $34.00 target price on the pipeline company’s stock. Wolfe Research’s price objective points to a potential downside of 11.76% from the company’s previous close.

Several other equities research analysts have also recently commented on WMB. Barclays lifted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. UBS Group lifted their price target on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Truist Financial lifted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.90.

Williams Companies Trading Up 2.5 %

Shares of NYSE WMB opened at $38.53 on Thursday. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.76. The company has a market cap of $46.95 billion, a PE ratio of 14.71, a P/E/G ratio of 5.89 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The company has a 50-day moving average of $36.95 and a two-hundred day moving average of $35.68.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, equities analysts expect that Williams Companies will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in Williams Companies by 96,588.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after purchasing an additional 63,358,143 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Williams Companies by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,900,384 shares of the pipeline company’s stock valued at $1,180,753,000 after buying an additional 2,948,497 shares during the period. Morgan Stanley boosted its holdings in shares of Williams Companies by 0.7% in the fourth quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock valued at $649,796,000 after buying an additional 136,216 shares during the period. Royal Bank of Canada boosted its holdings in shares of Williams Companies by 85.8% in the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after buying an additional 7,551,749 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Williams Companies by 8.1% in the third quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock valued at $486,991,000 after buying an additional 1,089,150 shares during the period. 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.