Barclays Boosts Williams Companies (NYSE:WMB) Price Target to $58.00

Williams Companies (NYSE:WMB - Get Free Report) had its price objective upped by equities research analysts at Barclays from $56.00 to $58.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the pipeline company's stock. Barclays's price target would suggest a potential downside of 4.58% from the company's previous close.

A number of other equities analysts also recently issued reports on WMB. Citigroup raised their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Scotiabank boosted their price target on shares of Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Truist Financial upped their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Finally, CIBC increased their price target on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.07.

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Williams Companies Price Performance

WMB stock traded down $0.31 during midday trading on Friday, reaching $60.79. 2,667,547 shares of the stock were exchanged, compared to its average volume of 6,181,012. The company has a fifty day moving average price of $57.20 and a 200 day moving average price of $54.17. Williams Companies has a 52 week low of $37.18 and a 52 week high of $61.55. The stock has a market capitalization of $74.12 billion, a PE ratio of 33.18, a P/E/G ratio of 5.01 and a beta of 1.03. 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 (NYSE:WMB - Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, analysts expect that Williams Companies will post 2.08 EPS for the current fiscal year.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the transaction, the chief accounting officer now owns 22,339 shares of the company's stock, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares of the company's stock, valued at $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WMB. 111 Capital bought a new position in Williams Companies during the fourth quarter valued at about $456,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Williams Companies by 43.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 315,936 shares of the pipeline company's stock valued at $17,098,000 after acquiring an additional 95,835 shares during the period. Anchor Pointe Wealth Management LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $222,000. Capstone Triton Financial Group LLC bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $249,000. Finally, Comprehensive Money Management Services LLC purchased a new position in Williams Companies in the fourth quarter valued at approximately $952,000. 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.