Williams Companies (NYSE:WMB) Stock Rating Reaffirmed by Wolfe Research

Williams Companies (NYSE:WMB - Get Free Report)'s stock had its "underperform" rating reaffirmed by equities research analysts at Wolfe Research in a research note issued on Thursday, Marketbeat reports. They currently have a $34.00 target price on the pipeline company's stock. Wolfe Research's price objective indicates a potential downside of 9.53% from the company's previous close.

WMB has been the subject of a number of other research reports. Barclays boosted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Truist Financial boosted their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, March 25th. Finally, UBS Group boosted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.55.

Williams Companies Stock Performance

Shares of NYSE:WMB traded down $0.10 on Thursday, hitting $37.58. The company had a trading volume of 7,166,832 shares, compared to its average volume of 7,120,398. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.76. The stock has a market cap of $45.79 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 5.89 and a beta of 1.05. The stock has a 50 day moving average price of $36.86 and a 200 day moving average price of $35.65. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period in the prior year, the company earned $0.53 EPS. Analysts expect that Williams Companies will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fairfield Bush & CO. acquired a new position in shares of Williams Companies in the first quarter valued at approximately $54,000. Acadian Asset Management LLC increased its stake in shares of Williams Companies by 32.3% in the first quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company's stock valued at $347,000 after buying an additional 2,540 shares during the period. Cibc World Market Inc. increased its stake in shares of Williams Companies by 1,001.1% in the first quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company's stock valued at $3,375,000 after buying an additional 91,851 shares during the period. Cetera Investment Advisers increased its stake in shares of Williams Companies by 42.9% in the first quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company's stock valued at $3,297,000 after buying an additional 29,625 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in Williams Companies during the 1st quarter valued at approximately $319,000. Institutional investors and hedge funds own 86.44% of the company's stock.

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.