CIBC Raises Williams Companies (NYSE:WMB) Price Target to $39.00

Williams Companies (NYSE:WMB) had its target price hoisted by equities researchers at CIBC from $38.00 to $39.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the pipeline company’s stock. CIBC’s price objective suggests a potential downside of 0.81% from the stock’s previous close.

A number of other analysts have also commented on WMB. Barclays boosted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. UBS Group raised their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Wolfe Research reiterated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. Finally, Truist Financial increased their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.55.

Williams Companies Stock Up 0.5 %

NYSE WMB traded up $0.21 on Wednesday, reaching $39.32. The company had a trading volume of 4,080,074 shares, compared to its average volume of 6,940,387. The firm has a market capitalization of $47.91 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05. The company’s fifty day moving average is $38.01 and its 200-day moving average is $36.06. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.99. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.40% and a net margin of 27.29%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm earned $0.56 EPS. Williams Companies’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, research analysts forecast that Williams Companies will post 1.82 earnings per share for the current fiscal year.

Institutional Trading of Williams Companies

Hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in shares of Williams Companies by 13.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company’s stock worth $505,000 after buying an additional 1,721 shares in the last quarter. Advisor Partners II LLC raised its holdings in Williams Companies by 6.2% during the 3rd quarter. Advisor Partners II LLC now owns 78,159 shares of the pipeline company’s stock worth $2,633,000 after purchasing an additional 4,557 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Williams Companies by 2.3% in the 3rd quarter. Park Avenue Securities LLC now owns 80,117 shares of the pipeline company’s stock worth $2,699,000 after purchasing an additional 1,822 shares during the period. Graypoint LLC boosted its stake in shares of Williams Companies by 15.2% in the 3rd quarter. Graypoint LLC now owns 11,956 shares of the pipeline company’s stock valued at $403,000 after purchasing an additional 1,581 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Williams Companies by 18.2% during the third quarter. TD Asset Management Inc now owns 591,053 shares of the pipeline company’s stock worth $19,913,000 after buying an additional 90,932 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

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.