Citigroup Issues Positive Forecast for Williams Companies (NYSE:WMB) Stock Price

Williams Companies (NYSE:WMB) had its price objective boosted by equities research analysts at Citigroup from $65.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. Citigroup’s price objective would indicate a potential upside of 17.53% from the company’s current price.

Several other equities analysts have also weighed in on WMB. TD Cowen boosted their target price on shares of Williams Companies from $69.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Barclays lifted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Mizuho upgraded Williams Companies to a “strong-buy” rating in a research report on Monday, October 27th. CIBC upgraded Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 target price on the stock in a research report on Friday, August 15th. Finally, The Goldman Sachs Group upped their price target on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Williams Companies Trading Down 1.4%

NYSE:WMB traded down $0.87 during trading hours on Thursday, hitting $59.56. The company had a trading volume of 5,717,132 shares, compared to its average volume of 7,541,006. Williams Companies has a 1 year low of $51.58 and a 1 year high of $65.55. The company has a market cap of $72.74 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.91 and a beta of 0.63. The company has a 50-day moving average of $60.55 and a 200 day moving average of $59.44. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts expect that Williams Companies will post 2.08 earnings per share for the current year.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares of the company’s stock, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by company insiders.

Institutional Trading of Williams Companies

Several hedge funds have recently modified their holdings of the stock. Diversified Trust Co lifted its position in Williams Companies by 28.5% in the second quarter. Diversified Trust Co now owns 46,549 shares of the pipeline company’s stock valued at $2,924,000 after acquiring an additional 10,317 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Williams Companies by 362.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock worth $87,608,000 after purchasing an additional 1,149,045 shares during the last quarter. ORG Partners LLC increased its position in shares of Williams Companies by 153.4% during the second quarter. ORG Partners LLC now owns 831 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 503 shares in the last quarter. Adams Natural Resources Fund Inc. lifted its holdings in shares of Williams Companies by 1,238.3% in the 2nd quarter. Adams Natural Resources Fund Inc. now owns 365,350 shares of the pipeline company’s stock valued at $22,948,000 after purchasing an additional 338,050 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at about $2,728,000. 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.