Williams Companies (NYSE:WMB) PT Raised to $39.00

Williams Companies (NYSE:WMB) had its price objective increased by CIBC from $38.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the pipeline company’s stock. CIBC’s price objective suggests a potential downside of 1.47% from the stock’s previous close.

A number of other research analysts have also issued reports on WMB. Wolfe Research reiterated an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial raised their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. UBS Group upped their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus upped their price target on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.55.

Williams Companies Stock Up 0.7 %

WMB opened at $39.58 on Wednesday. The business has a 50 day moving average price of $38.10 and a two-hundred day moving average price of $36.08. Williams Companies has a 52 week low of $28.27 and a 52 week high of $39.99. The company has a market cap of $48.23 billion, a PE ratio of 16.63, a P/E/G ratio of 6.13 and a beta of 1.05. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. As a group, research analysts anticipate that Williams Companies will post 1.82 EPS for the current year.

Hedge Funds Weigh In On Williams Companies

Several hedge funds have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its stake in Williams Companies by 13.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company’s stock valued at $505,000 after purchasing an additional 1,721 shares during the last quarter. Advisor Partners II LLC lifted its stake in shares of Williams Companies by 6.2% during the third quarter. Advisor Partners II LLC now owns 78,159 shares of the pipeline company’s stock valued at $2,633,000 after buying an additional 4,557 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Williams Companies by 2.3% during the third quarter. Park Avenue Securities LLC now owns 80,117 shares of the pipeline company’s stock valued at $2,699,000 after buying an additional 1,822 shares during the period. Graypoint LLC boosted its position in Williams Companies by 15.2% during the third quarter. Graypoint LLC now owns 11,956 shares of the pipeline company’s stock worth $403,000 after acquiring an additional 1,581 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Williams Companies by 18.2% in the 3rd quarter. TD Asset Management Inc now owns 591,053 shares of the pipeline company’s stock worth $19,913,000 after acquiring an additional 90,932 shares during the period. Hedge funds and other 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.