Williams Companies (NYSE:WMB) Given New $57.00 Price Target at CIBC

Williams Companies (NYSE:WMB) had its price objective increased by equities research analysts at CIBC from $56.00 to $57.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the pipeline company’s stock. CIBC’s price target points to a potential upside of 0.17% from the stock’s current price.

Several other brokerages have also weighed in on WMB. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Citigroup boosted their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Truist Financial increased 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. UBS Group boosted their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada increased their price target on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.93.

Williams Companies Stock Performance

Williams Companies stock traded down $0.70 during trading hours on Tuesday, hitting $56.90. The stock had a trading volume of 9,009,664 shares, compared to its average volume of 7,750,733. The company has a 50-day moving average of $56.60 and a two-hundred day moving average of $52.89. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. Williams Companies has a fifty-two week low of $35.74 and a fifty-two week high of $61.46. The company has a market cap of $69.38 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 5.01 and a beta of 1.04.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities research analysts anticipate that Williams Companies will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Williams Companies

In related news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.44% of the company’s stock.

Institutional Trading of Williams Companies

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Williams Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company’s stock worth $7,054,876,000 after acquiring an additional 1,008,213 shares in the last quarter. Wellington Management Group LLP increased its stake in Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after purchasing an additional 5,697,605 shares in the last quarter. Geode Capital Management LLC raised its holdings in Williams Companies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 31,263,235 shares of the pipeline company’s stock worth $1,687,797,000 after buying an additional 540,533 shares during the period. Blackstone Inc. lifted its stake in Williams Companies by 36.5% in the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company’s stock valued at $1,025,795,000 after buying an additional 5,068,738 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Williams Companies by 12.5% in the fourth quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company’s stock valued at $824,623,000 after buying an additional 1,696,618 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Williams Companies

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.