Williams Companies (NYSE:WMB) Price Target Raised to $39.00

Williams Companies (NYSE:WMB) had its price objective boosted by equities research analysts at CIBC from $38.00 to $39.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the pipeline company’s stock. CIBC’s target price would indicate a potential downside of 1.47% from the stock’s current price.

A number of other equities analysts have also recently weighed in on WMB. Wolfe Research reissued an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Stifel Nicolaus lifted their target price on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial upped their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Barclays lifted their price objective 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. Finally, US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.55.

Williams Companies Trading Up 0.7 %

Shares of NYSE:WMB opened at $39.58 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The stock has a market capitalization of $48.23 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 6.13 and a beta of 1.05. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.99. The company has a 50 day moving average price of $38.10 and a 200 day moving average price of $36.08.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a return on equity of 16.40% and a net margin of 27.29%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. On average, research analysts anticipate that Williams Companies will post 1.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Williams Companies in the 4th quarter valued at approximately $306,417,000. Wellington Management Group LLP raised its holdings in shares of Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after purchasing an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after purchasing an additional 2,040,993 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Williams Companies by 55.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock worth $165,106,000 after purchasing an additional 1,740,677 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Williams Companies by 69.2% during the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock worth $143,003,000 after buying an additional 1,679,452 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.