Williams Companies (NYSE:WMB) Given New $65.00 Price Target at Barclays

Key Points

• Barclays has raised the price target for Williams Companies (NYSE:WMB) from $59.00 to $65.00, indicating a potential upside of 1.7% from its current stock price.
• Williams Companies' quarterly earnings fell short of analysts' expectations, reporting $0.46 EPS compared to the estimated $0.49, with revenues of $2.78 billion against a $2.90 billion estimate.
• The stock has a consensus rating of "Moderate Buy" with a price target average of $63.47, reflecting a positive outlook from multiple analysts.

Williams Companies (NYSE:WMB - Get Free Report) had its price target increased by investment analysts at Barclays from $59.00 to $65.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the pipeline company's stock. Barclays's price objective indicates a potential upside of 1.70% from the stock's current price.

A number of other equities analysts also recently weighed in on WMB. TD Cowen assumed coverage on shares of Williams Companies in a research note on Monday, July 7th. They set a "buy" rating and a $67.00 price target for the company. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. CIBC upgraded shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 target price on the stock in a report on Friday, August 15th. Argus reissued a "buy" rating and set a $66.00 price target on shares of Williams Companies in a research report on Thursday, August 14th. Finally, Scotiabank raised their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.47.

Williams Companies Trading Down 0.1%

WMB stock opened at $63.91 on Tuesday. The business has a fifty day moving average of $58.66 and a 200-day moving average of $58.82. The company has a market cap of $77.93 billion, a P/E ratio of 32.06, a PEG ratio of 2.14 and a beta of 0.65. Williams Companies has a twelve month low of $45.24 and a twelve month high of $64.48. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $0.43 earnings per share. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, equities research analysts expect that Williams Companies will post 2.08 EPS for the current year.

Insider Buying and Selling

In related news, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares in the company, valued at approximately $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the transaction, the senior vice president owned 311,645 shares of the company's stock, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $497,715 in the last ninety days. 0.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Williams Companies

Several hedge funds have recently bought and sold shares of the stock. Flaharty Asset Management LLC bought a new position in shares of Williams Companies during the 1st quarter valued at $25,000. HWG Holdings LP bought a new position in shares of Williams Companies during the first quarter valued at about $26,000. Saudi Central Bank bought a new stake in shares of Williams Companies in the first quarter worth about $29,000. Private Wealth Management Group LLC increased its stake in shares of Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company's stock valued at $29,000 after buying an additional 240 shares during the period. Finally, Hartford Funds Management Co LLC purchased a new stake in Williams Companies in the second quarter worth $29,000. 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.

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