Williams Companies (NYSE: WMB) saw its price target raised by analysts to Barclays from $33.00 to $34.00 in a research note published Wednesday, Fly reports. BarclaysThe company’s price target indicates a potential upside of 15.22% from the company’s previous close.
WMB has been the subject of several other research reports. Credit Suisse Group raised its price target on shares of Williams Companies from $30.00 to $33.00 and gave the stock an “outperform” rating in a Thursday, November 11 report. TD Securities raised its price target on shares of Williams Companies from $29.00 to $30.00 and gave the stock a “buy” rating in a Thursday, Nov. 4 research note. Mizuho raised his price target on Williams Companies stock from $31.00 to $33.00 and gave the stock a “buy” rating in a Tuesday, February 15, research note. Wells Fargo & Company raised its price target on shares of Williams Companies from $31.00 to $34.00 and gave the stock an “overweight” rating in a Thursday, Dec. 16 research report. Finally, US Capital Advisors downgraded shares of Williams Companies from an “overweight” rating to a “retained” rating in a Thursday, November 18 research report. One research analyst has assigned the stock a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned the stock a strong buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $31.46.
Shares of Williams Companies opened at $29.51 on Wednesday. Williams Companies has a 1-year minimum of $22.50 and a 1-year maximum of $31.02. The company has a debt ratio of 1.46, a quick ratio of 0.51 and a current ratio of 0.58. The company has a market capitalization of $35.86 billion, a price-to-earnings ratio of 35.99, a growth price-to-earnings ratio of 7.04 and a beta of 1.40. The company’s 50-day moving average price is $28.40 and its two-hundred-day moving average price is $27.31.
Williams Companies Inc (NYSE:WMB) last released its quarterly results on Sunday, February 20. The pipeline company reported EPS of $0.39 for the quarter, beating the consensus estimate of $0.34 by $0.05. Williams Companies had a net margin of 10.67% and a return on equity of 10.84%. In the same quarter a year earlier, the company posted EPS of $0.31. As a group, stock analysts predict Williams Companies will post 1.27 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently changed their holdings of WMB. Benjamin Edwards Inc. increased its stake in Williams Companies by 2.1% during the 4th quarter. Benjamin Edwards Inc. now owns 16,044 shares of the pipeline company valued at $418,000 after buying 324 more shares last quarter. First Horizon Advisors Inc. increased its position in Williams Companies by 11.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,279 shares of the pipeline company valued at $84,000 after purchasing an additional 350 shares during the period. Cetera Investment Advisers increased its holdings in Williams Companies by 0.6% in the third quarter. Cetera Investment Advisers now owns 63,527 shares of the pipeline company valued at $1,648,000 after buying 359 additional shares in the last quarter. Outlook Wealth Advisors LLC increased its holdings in Williams Companies by 3.2% during the third quarter. Insights Wealth Advisors LLC now owns 11,800 shares of the pipeline company valued at $306,000 after buying 365 additional shares in the last quarter. Finally, Marcum Wealth LLC increased its holdings in Williams Companies by 1.8% during the fourth quarter. Marcum Wealth LLC now owns 21,010 shares of the pipeline company valued at $547,000 after buying 374 additional shares in the last quarter. Hedge funds and other institutional investors own 83.78% of the company’s shares.
Company Profile Williams Companies
The Williams Cos., Inc. operates as an energy infrastructure company, which explores for, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; G&P Northeast; and West. The Transmission and Gulf of Mexico segment includes the interstate, Transco and Northwest Pipeline natural gas pipelines, as well as natural gas gathering and processing and crude oil production, handling and transportation assets in the Pacific Coast region. Gulf.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Williams Companies right now?
Before you consider Williams Companies, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and Williams Companies was not on the list.
Although Williams Companies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here