Williams Companies (NYSE:WMB) Price Target Raised to $57.00 at CIBC

Williams Companies (NYSE:WMB) had its price target increased by research analysts at CIBC from $56.00 to $57.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the pipeline company’s stock. CIBC’s target price would indicate a potential upside of 0.17% from the company’s previous close.

A number of other research analysts also recently commented on the stock. UBS Group boosted their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. The Goldman Sachs Group increased their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Truist Financial raised their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $54.93.

Williams Companies Price Performance

NYSE:WMB traded down $0.70 during trading hours on Tuesday, reaching $56.90. 9,009,664 shares of the company’s stock were exchanged, compared to its average volume of 7,750,733. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $69.38 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 5.01 and a beta of 1.04. Williams Companies has a 12 month low of $35.74 and a 12 month high of $61.46. The business’s 50-day simple moving average is $56.60 and its two-hundred day simple moving average is $52.89.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Sell-side analysts expect that Williams Companies will post 2.08 EPS for the current fiscal year.

Insider Transactions at Williams Companies

In related news, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at approximately $7,511,890.08. This trade represents a 16.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Williams Companies

A number of hedge funds have recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in shares of Williams Companies during the 4th quarter worth about $720,000. Foundations Investment Advisors LLC lifted its holdings in shares of Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after buying an additional 19,782 shares during the last quarter. Golden State Equity Partners boosted its position in shares of Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after acquiring an additional 9,171 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after acquiring an additional 83,429 shares during the last quarter. Finally, Myriad Asset Management US LP bought a new position in Williams Companies during the fourth quarter worth $995,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Company Profile

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.