Williams Companies (NYSE:WMB) Given New $88.00 Price Target at Truist Financial

Key Points

• Truist Financial raised Williams Companies’ price target from $84 to $88 while maintaining a “buy” rating, implying approximately 19.45% upside from the prior close.
• Analyst sentiment remains positive, with MarketBeat reporting an average “Buy” rating and a consensus target price of $84.12; other firms have also recently raised their targets.
• Williams shares rose 1.9% to $73.67, while the company’s latest quarterly results matched EPS expectations at $0.50 and exceeded revenue estimates with $3.05 billion, up 9.8% year over year.

Williams Companies (NYSE:WMB - Get Free Report) had its price objective raised by research analysts at Truist Financial from $84.00 to $88.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the pipeline company's stock. Truist Financial's target price points to a potential upside of 19.45% from the company's previous close.

WMB has been the topic of a number of other reports. Morgan Stanley increased their price target on Williams Companies from $98.00 to $99.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Scotiabank boosted their target price on shares of Williams Companies from $85.00 to $86.00 and gave the company a "sector outperform" rating in a research report on Tuesday, May 12th. Wolfe Research raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group restated a "buy" rating and issued a $82.00 price target on shares of Williams Companies in a report on Tuesday, July 14th. Finally, TD Cowen boosted their price objective on Williams Companies from $81.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Williams Companies has an average rating of "Buy" and a consensus target price of $84.12.

Williams Companies Trading Up 1.9%

WMB stock traded up $1.36 during midday trading on Wednesday, hitting $73.67. The stock had a trading volume of 1,617,419 shares, compared to its average volume of 6,963,923. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. The business has a fifty day moving average price of $73.15 and a two-hundred day moving average price of $72.75. Williams Companies has a 1-year low of $55.82 and a 1-year high of $80.07. The firm has a market cap of $90.11 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $0.46 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. On average, sell-side analysts predict that Williams Companies will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $70.65, for a total transaction of $141,300.00. Following the completion of the sale, the senior vice president directly owned 281,159 shares of the company's stock, valued at $19,863,883.35. This trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Glen G. Jasek sold 2,500 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $78.15, for a total transaction of $195,375.00. Following the completion of the transaction, the senior vice president directly owned 54,101 shares in the company, valued at $4,227,993.15. This trade represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,500 shares of company stock valued at $1,402,755 over the last three months. Corporate insiders own 0.47% of the company's stock.

Institutional Trading of Williams Companies

Several hedge funds have recently added to or reduced their stakes in WMB. Evolve Private Wealth LLC bought a new position in shares of Williams Companies during the 2nd quarter valued at approximately $912,000. Varma Mutual Pension Insurance Co bought a new stake in shares of Williams Companies in the 2nd quarter worth approximately $16,258,000. Westpac Banking Corp purchased a new position in Williams Companies in the second quarter valued at approximately $165,000. TRB Wealth Management LLC bought a new position in Williams Companies during the second quarter valued at $289,000. Finally, Sumitomo Life Insurance Co. purchased a new stake in Williams Companies in the second quarter worth $4,117,000. Institutional investors own 86.44% of the company's stock.

About Williams Companies

Williams Companies, Inc NYSE: WMB is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.

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