Williams Companies (NYSE:WMB) had its price target cut by stock analysts at Bank of America from $38.00 to $33.00 in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Bank of America’s price target would suggest a potential upside of 28.06% from the stock’s previous close.
WMB has been the topic of several other research reports. UBS Group increased their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Credit Suisse Group started coverage on shares of Williams Companies in a research report on Thursday, October 11th. They set an “outperform” rating and a $35.00 price target on the stock. Goldman Sachs Group started coverage on shares of Williams Companies in a research report on Monday, October 8th. They set a “neutral” rating and a $26.00 price target on the stock. Finally, Wells Fargo & Co reduced their price target on shares of Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, September 13th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $33.07.
Shares of WMB stock traded up $0.02 during trading hours on Friday, hitting $25.77. 151,602 shares of the company were exchanged, compared to its average volume of 9,638,202. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.79. Williams Companies has a one year low of $23.54 and a one year high of $33.67. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 40.73, a PEG ratio of 4.15 and a beta of 1.53.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $0.04 earnings per share. As a group, research analysts forecast that Williams Companies will post 0.78 EPS for the current year.
In related news, VP Ted T. Timmermans sold 20,267 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total transaction of $648,544.00. Following the sale, the vice president now owns 9,955 shares in the company, valued at $318,560. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Frank J. Ferazzi sold 1,100 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total transaction of $34,441.00. Following the sale, the senior vice president now owns 15,037 shares in the company, valued at approximately $470,808.47. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMB. Chickasaw Capital Management LLC increased its stake in shares of Williams Companies by 37.3% in the third quarter. Chickasaw Capital Management LLC now owns 13,919,422 shares of the pipeline company’s stock valued at $378,469,000 after purchasing an additional 3,785,114 shares during the period. Hamlin Capital Management LLC acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $80,810,000. AGF Investments Inc. increased its stake in shares of Williams Companies by 227.7% in the second quarter. AGF Investments Inc. now owns 3,574,532 shares of the pipeline company’s stock valued at $96,906,000 after purchasing an additional 2,483,903 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in shares of Williams Companies by 16.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock valued at $456,087,000 after purchasing an additional 2,375,456 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Williams Companies by 281.1% in the third quarter. Russell Investments Group Ltd. now owns 2,863,021 shares of the pipeline company’s stock valued at $77,891,000 after purchasing an additional 2,111,827 shares during the period. Hedge funds and other institutional investors own 87.79% 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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