Williams Companies (NYSE:WMB) Stock Price Expected to Rise, Scotiabank Analyst Says

Williams Companies (NYSE:WMB) had its price target increased by research analysts at Scotiabank from $59.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the pipeline company’s stock. Scotiabank’s target price points to a potential upside of 2.60% from the stock’s current price.

A number of other analysts have also recently commented on WMB. Morgan Stanley boosted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company boosted their price target on Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday. Finally, Barclays boosted their price target on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.77.

Williams Companies Stock Up 0.2%

Williams Companies stock opened at $58.48 on Tuesday. The stock has a market capitalization of $71.31 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 4.31 and a beta of 0.65. Williams Companies has a 12 month low of $40.41 and a 12 month high of $63.45. The business has a 50 day simple moving average of $59.34 and a 200-day simple moving average of $58.05. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. On average, analysts anticipate that Williams Companies will post 2.08 EPS for the current fiscal year.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the sale, the senior vice president directly owned 315,645 shares in the company, valued at $19,790,941.50. This represents a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by insiders.

Institutional Trading of Williams Companies

Large investors have recently added to or reduced their stakes in the stock. Flaharty Asset Management LLC acquired a new position in shares of Williams Companies in the 1st quarter valued at $25,000. Menard Financial Group LLC acquired a new position in Williams Companies during the 4th quarter worth about $26,000. HWG Holdings LP acquired a new position in Williams Companies during the 1st quarter worth about $26,000. Sandy Spring Bank acquired a new position in Williams Companies during the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. acquired a new position in Williams Companies during the 4th quarter worth about $28,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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.