Williams Companies (NYSE:WMB – Get Rating) had its price target dropped by investment analysts at Mizuho from $40.00 to $39.00 in a report released on Friday, The Fly reports. Mizuho’s target price points to a potential upside of 16.42% from the company’s current price.
A number of other analysts have also commented on the company. Barclays dropped their price target on Williams Companies from $39.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Wells Fargo & Company cut shares of Williams Companies from an “overweight” rating to an “equal weight” rating in a research report on Friday. The Goldman Sachs Group cut shares of Williams Companies from a “neutral” rating to a “sell” rating and reduced their price target for the company from $35.00 to $30.00 in a research report on Wednesday, September 7th. Citigroup started coverage on shares of Williams Companies in a report on Thursday, December 8th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Morgan Stanley reduced their target price on Williams Companies from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.75.
Williams Companies Stock Performance
Shares of NYSE:WMB opened at $33.50 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average price of $32.73 and a 200-day moving average price of $32.72. The company has a market cap of $40.81 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 5.91 and a beta of 1.22. Williams Companies has a 12 month low of $24.86 and a 12 month high of $37.97.
Williams Companies (NYSE:WMB – Get Rating) last announced its quarterly earnings results on Monday, October 31st. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Williams Companies had a return on equity of 14.73% and a net margin of 17.72%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the business earned $0.34 EPS. Williams Companies’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that Williams Companies will post 1.58 EPS for the current year.
Insiders Place Their Bets
In other news, SVP Terrance Lane Wilson sold 8,500 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $34.20, for a total transaction of $290,700.00. Following the completion of the transaction, the senior vice president now directly owns 179,989 shares in the company, valued at $6,155,623.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 28,500 shares of company stock valued at $971,300. 0.43% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Williams Companies
Institutional investors have recently made changes to their positions in the company. Total Clarity Wealth Management Inc. purchased a new stake in Williams Companies during the 2nd quarter valued at $26,000. Mach 1 Financial Group LLC bought a new position in shares of Williams Companies during the third quarter valued at $28,000. Jones Financial Companies Lllp purchased a new stake in shares of Williams Companies during the second quarter valued at $29,000. Bray Capital Advisors bought a new stake in Williams Companies in the 3rd quarter worth about $29,000. Finally, Salem Investment Counselors Inc. raised its position in Williams Companies by 52.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock worth $29,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 85.40% of the company’s stock.
About Williams Companies
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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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Read More: Mizuho Lowers Williams Companies (NYSE:WMB) Price Target to $39.00