Barclays Raises Williams Companies (NYSE:WMB) Price Target to $58.00

Williams Companies (NYSE:WMB) had its target price raised by Barclays from $56.00 to $58.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price objective indicates a potential downside of 2.48% from the company’s current price.

A number of other brokerages have also weighed in on WMB. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Citigroup lifted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Scotiabank increased their target price on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research report on Thursday, March 6th. Royal Bank of Canada boosted their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Finally, Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Williams Companies presently has a consensus rating of “Hold” and an average target price of $55.21.

Williams Companies Price Performance

NYSE WMB traded down $0.28 during trading hours on Friday, reaching $59.47. The company’s stock had a trading volume of 4,737,690 shares, compared to its average volume of 6,181,472. Williams Companies has a 1 year low of $37.18 and a 1 year high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $72.52 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 5.01 and a beta of 1.03. The firm’s 50-day moving average price is $57.02 and its 200-day moving average price is $53.83.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, equities research analysts predict that Williams Companies will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now directly owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quent Capital LLC purchased a new position in shares of Williams Companies during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new position in Williams Companies in the fourth quarter valued at $25,000. Menard Financial Group LLC acquired a new position in shares of Williams Companies in the fourth quarter worth about $26,000. AlphaMark Advisors LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth about $27,000. Finally, Sandy Spring Bank acquired a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. 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.