Williams Companies (NYSE:WMB) PT Raised to $46.00 at Barclays

Williams Companies (NYSE:WMB) had its price target increased by analysts at Barclays from $42.00 to $46.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s target price suggests a potential downside of 4.58% from the stock’s current price.

A number of other equities analysts have also recently weighed in on WMB. Morgan Stanley upped their price target on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Scotiabank upped their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their target price on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $44.46.

Williams Companies Stock Performance

Shares of WMB stock opened at $48.21 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The company has a market cap of $58.76 billion, a PE ratio of 20.26, a P/E/G ratio of 6.20 and a beta of 1.05. The company’s fifty day simple moving average is $44.61 and its 200-day simple moving average is $41.91. Williams Companies has a 52 week low of $32.58 and a 52 week high of $48.33.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. As a group, equities research analysts anticipate that Williams Companies will post 1.93 EPS for the current year.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Williams Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Williams Companies during the 1st quarter valued at about $27,000. Fairman Group LLC acquired a new position in shares of Williams Companies during the fourth quarter worth approximately $31,000. SouthState Corp bought a new position in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies in the 2nd quarter valued at approximately $34,000. Finally, Quarry LP bought a new stake in Williams Companies during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Company Profile

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.