Williams Companies (NYSE:WMB) Price Target Raised to $66.00 at Barclays

Key Points

• Barclays has raised its price target for **Williams Companies (NYSE:WMB)** from $65.00 to $66.00, indicating a potential upside of 6.08% from the current stock price.
• Williams Companies has received mixed ratings from analysts; while some have given it a "buy" rating, others have lowered their ratings, showing a consensus of "Moderate Buy."
• The stock's recent performance includes a trading volume of 1,050,748 shares and a market cap of $75.86 billion, signaling active interest among investors.

Williams Companies (NYSE:WMB - Get Free Report) had its target price upped by analysts at Barclays from $65.00 to $66.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the pipeline company's stock. Barclays's target price points to a potential upside of 6.08% from the stock's current price.

Several other equities analysts have also commented on WMB. Weiss Ratings restated a "buy (b)" rating on shares of Williams Companies in a report on Saturday, September 27th. Wall Street Zen cut shares of Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a research report on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on shares of Williams Companies from $59.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, October 2nd. Finally, Jefferies Financial Group started coverage on shares of Williams Companies in a research report on Thursday, October 9th. They set a "buy" rating and a $72.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

Williams Companies Trading Down 0.7%

NYSE:WMB traded down $0.46 on Tuesday, hitting $62.22. The stock had a trading volume of 1,050,748 shares, compared to its average volume of 7,478,739. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73. The stock has a market cap of $75.86 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.09 and a beta of 0.65. The company has a fifty day moving average price of $59.60 and a two-hundred day moving average price of $59.09. Williams Companies has a 1-year low of $50.29 and a 1-year high of $65.55.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Williams Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Williams Companies in the 3rd quarter valued at $760,000. Exchange Traded Concepts LLC raised its holdings in shares of Williams Companies by 3.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 927,066 shares of the pipeline company's stock valued at $58,730,000 after purchasing an additional 35,100 shares in the last quarter. Stableford Capital II LLC raised its holdings in shares of Williams Companies by 1.0% in the 3rd quarter. Stableford Capital II LLC now owns 25,456 shares of the pipeline company's stock valued at $1,613,000 after purchasing an additional 254 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Williams Companies by 15.4% in the 3rd quarter. Brighton Jones LLC now owns 26,374 shares of the pipeline company's stock valued at $1,671,000 after purchasing an additional 3,529 shares in the last quarter. Finally, Thomasville National Bank raised its holdings in shares of Williams Companies by 98.7% in the 3rd quarter. Thomasville National Bank now owns 8,874 shares of the pipeline company's stock valued at $562,000 after purchasing an additional 4,409 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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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