Williams Companies (NYSE:WMB) Price Target Raised to $54.00 at CIBC

Williams Companies (NYSE:WMB) had its price target lifted by analysts at CIBC from $45.00 to $54.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the pipeline company’s stock. CIBC’s target price indicates a potential upside of 3.25% from the company’s current price.

WMB has been the topic of several other reports. UBS Group lifted their price objective on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays raised their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Citigroup upped their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America initiated coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.62.

Williams Companies Trading Up 0.6 %

Shares of WMB traded up $0.30 during mid-day trading on Tuesday, hitting $52.30. 4,281,891 shares of the company’s stock traded hands, compared to its average volume of 6,260,851. The business’s 50-day moving average price is $46.46 and its 200-day moving average price is $42.98. Williams Companies has a 1 year low of $32.65 and a 1 year high of $52.82. The firm has a market capitalization of $63.74 billion, a P/E ratio of 21.97, a PEG ratio of 5.88 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.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. As a group, sell-side analysts forecast that Williams Companies will post 1.91 EPS for the current fiscal year.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WMB. SouthState Corp bought a new position in shares of Williams Companies in the second quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter worth approximately $34,000. Quarry LP bought a new position in Williams Companies in the 2nd quarter worth approximately $35,000. Kimelman & Baird LLC purchased a new stake in Williams Companies during the 2nd quarter valued at approximately $42,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Williams Companies during the first quarter valued at approximately $50,000. Institutional investors own 86.44% 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 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.