Wolfe Research Reiterates “Underperform” Rating for Williams Companies (NYSE:WMB)

Williams Companies (NYSE:WMB)‘s stock had its “underperform” rating reissued by investment analysts at Wolfe Research in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a $34.00 target price on the pipeline company’s stock. Wolfe Research’s price target suggests a potential downside of 11.76% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Truist Financial upped their price objective 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 upped their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, UBS Group upped their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target of $38.90.

Williams Companies Stock Up 2.5 %

Shares of Williams Companies stock opened at $38.53 on Thursday. The company has a fifty day moving average price of $36.95 and a 200 day moving average price of $35.68. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. Williams Companies has a twelve month low of $28.27 and a twelve month high of $39.76. The stock has a market cap of $46.95 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 5.89 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.53 earnings per share. Equities research analysts forecast that Williams Companies will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WMB. Rise Advisors LLC bought a new position in shares of Williams Companies in the first quarter valued at approximately $27,000. Western Pacific Wealth Management LP bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $26,000. Main Street Group LTD bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $28,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of Williams Companies in the third quarter valued at approximately $27,000. Institutional investors 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.