Analysts at Credit Suisse Group started coverage on shares of Williams Companies (NYSE:WMB) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $35.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target points to a potential upside of 31.18% from the company’s previous close.
A number of other analysts have also recently commented on WMB. ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. US Capital Advisors reaffirmed a “buy” rating on shares of Williams Companies in a report on Tuesday, July 17th. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Stifel Nicolaus initiated coverage on shares of Williams Companies in a report on Tuesday, August 7th. They set a “buy” rating and a $35.00 target price for the company. Finally, UBS Group upped their target price on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.87.
Shares of WMB stock opened at $26.68 on Thursday. Williams Companies has a 12 month low of $24.00 and a 12 month high of $33.67. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 42.35, a price-to-earnings-growth ratio of 4.61 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.79 and a quick ratio of 0.71.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, August 1st. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $0.13 earnings per share. As a group, research analysts predict that Williams Companies will post 0.79 earnings per share for the current year.
In other Williams Companies news, SVP Frank J. Ferazzi sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the transaction, the senior vice president now directly owns 15,037 shares in the company, valued at $470,808.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the transaction, the vice president now owns 9,955 shares of the company’s stock, valued at $318,560. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bray Capital Advisors boosted its position in shares of Williams Companies by 100.0% in the second quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock worth $108,000 after purchasing an additional 2,000 shares during the period. Arrow Financial Corp bought a new position in shares of Williams Companies in the second quarter worth approximately $113,000. Centaurus Financial Inc. bought a new position in shares of Williams Companies in the second quarter worth approximately $127,000. JJJ Advisors Inc. bought a new position in shares of Williams Companies in the second quarter worth approximately $144,000. Finally, Point72 Asia Hong Kong Ltd boosted its position in shares of Williams Companies by 15,102.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 6,233 shares of the pipeline company’s stock worth $155,000 after purchasing an additional 6,192 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.
Williams Companies Company Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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