Bank of America Analysts Give Williams Companies (WMB) a $30.00 Price Target

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Williams Companies (NYSE:WMB) has been given a $30.00 target price by analysts at Bank of America in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the pipeline company’s stock. Bank of America‘s target price indicates a potential upside of 10.99% from the company’s current price.

Other analysts also recently issued research reports about the stock. Evercore ISI assumed coverage on shares of Williams Companies in a report on Tuesday, February 5th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, January 30th. US Capital Advisors raised shares of Williams Companies from a “hold” rating to an “overweight” rating in a report on Wednesday, October 17th. Seaport Global Securities assumed coverage on shares of Williams Companies in a report on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.07.

Shares of WMB opened at $27.03 on Thursday. Williams Companies has a 52 week low of $20.36 and a 52 week high of $32.22. The stock has a market capitalization of $32.36 billion, a P/E ratio of 42.90, a P/E/G ratio of 4.39 and a beta of 1.71. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 13th. The pipeline company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.05). Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same quarter last year, the business posted $0.36 earnings per share. Equities analysts expect that Williams Companies will post 0.75 earnings per share for the current year.

In other news, Director Kathleen B. Cooper sold 9,760 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $25.60, for a total transaction of $249,856.00. Following the completion of the sale, the director now owns 41,887 shares of the company’s stock, valued at approximately $1,072,307.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors have recently modified their holdings of WMB. Vanguard Group Inc lifted its holdings in shares of Williams Companies by 47.6% during the 3rd quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after acquiring an additional 30,031,200 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Williams Companies by 47.6% during the 3rd quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after acquiring an additional 30,031,200 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Williams Companies by 149.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock worth $1,138,898,000 after acquiring an additional 25,063,078 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Williams Companies by 270.4% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock worth $571,344,000 after acquiring an additional 15,340,711 shares during the period. Finally, Brookfield Asset Management Inc. lifted its holdings in shares of Williams Companies by 252.8% during the 3rd quarter. Brookfield Asset Management Inc. now owns 16,146,678 shares of the pipeline company’s stock worth $439,028,000 after acquiring an additional 11,570,105 shares during the period. 86.96% of the stock is owned by institutional investors.

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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Analyst Recommendations for Williams Companies (NYSE:WMB)

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