Williams Companies (NYSE:WMB) PT Raised to $42.00 at Barclays

Williams Companies (NYSE:WMBGet Free Report) had its price objective raised by research analysts at Barclays from $41.00 to $42.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price target would indicate a potential downside of 5.23% from the stock’s current price.

WMB has been the topic of several other reports. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus boosted their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Truist Financial boosted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. CIBC boosted their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Finally, Scotiabank boosted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.58.

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Williams Companies Price Performance

Shares of WMB stock opened at $44.32 on Monday. Williams Companies has a 12-month low of $32.49 and a 12-month high of $45.10. The firm has a market capitalization of $54.02 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 6.09 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The firm has a fifty day moving average of $42.77 and a 200-day moving average of $39.72.

Williams Companies (NYSE:WMBGet Free Report) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. On average, equities research analysts forecast that Williams Companies will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. J.W. Cole Advisors Inc. grew its position in shares of Williams Companies by 2.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Williams Companies by 0.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after purchasing an additional 260 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Williams Companies by 1.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 22,683 shares of the pipeline company’s stock worth $884,000 after acquiring an additional 274 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of Williams Companies by 1.8% during the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after acquiring an additional 275 shares during the period. Finally, Schulhoff & Co. Inc. lifted its holdings in shares of Williams Companies by 1.6% during the 1st quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock worth $697,000 after acquiring an additional 276 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Williams Companies

(Get Free Report)

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.

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Analyst Recommendations for Williams Companies (NYSE:WMB)

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