Williams Companies (NYSE:WMB) Price Target Raised to $64.00 at Wells Fargo & Company

Williams Companies (NYSE:WMB - Get Free Report) had its price target lifted by investment analysts at Wells Fargo & Company from $63.00 to $64.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the pipeline company's stock. Wells Fargo & Company's price objective indicates a potential upside of 12.84% from the company's current price.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Citigroup upped their price target on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, Barclays upped their price target on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Williams Companies presently has an average rating of "Moderate Buy" and a consensus price target of $60.50.

Williams Companies Stock Performance

NYSE:WMB traded down $0.94 during trading hours on Wednesday, hitting $56.72. 3,425,908 shares of the company were exchanged, compared to its average volume of 6,644,649. The company's 50 day moving average price is $57.91 and its 200-day moving average price is $56.73. The stock has a market capitalization of $69.16 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 5.01 and a beta of 0.66. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. Williams Companies has a 52-week low of $39.57 and a 52-week high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. As a group, research analysts forecast that Williams Companies will post 2.08 earnings per share for the current year.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company's stock, valued at approximately $1,284,492.50. This trade represents a 28.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now directly owns 714,693 shares in the company, valued at approximately $37,907,316.72. This represents a 11.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company's stock.

Hedge Funds Weigh In On Williams Companies

Large investors have recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Williams Companies in the 4th quarter valued at $25,000. Bank of Jackson Hole Trust bought a new position in shares of Williams Companies in the 4th quarter valued at $25,000. Menard Financial Group LLC bought a new position in shares of Williams Companies in the 4th quarter valued at $26,000. HWG Holdings LP bought a new position in shares of Williams Companies in the 1st quarter valued at $26,000. Finally, AlphaMark Advisors LLC bought a new position in shares of Williams Companies in the 4th quarter valued at $27,000. Institutional investors 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.