Canadian Imperial Bank of Commerce Increases Williams Companies (NYSE:WMB) Price Target to $85.00

Williams Companies (NYSE:WMB) had its price objective lifted by Canadian Imperial Bank of Commerce from $83.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperformer” rating on the pipeline company’s stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 10.58% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Zacks Research raised Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. TD Cowen lifted their target price on Williams Companies from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company lifted their target price on Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Citigroup lifted their target price on Williams Companies from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their target price on Williams Companies from $82.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Buy” and an average price target of $82.40.

Williams Companies Trading Down 2.0%

WMB traded down $1.60 during trading on Tuesday, reaching $76.87. The company had a trading volume of 1,355,811 shares, compared to its average volume of 6,885,911. The firm’s 50-day simple moving average is $73.74 and its 200 day simple moving average is $67.66. The company has a market cap of $93.90 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.30 and a beta of 0.61. Williams Companies has a 12-month low of $55.82 and a 12-month high of $80.07. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.83.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a return on equity of 18.34% and a net margin of 23.39%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business posted $0.60 EPS. Williams Companies’s revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. Equities research analysts anticipate that Williams Companies will post 2.43 earnings per share for the current year.

Insider Buying and Selling at Williams Companies

In other news, COO Larry C. Larsen sold 12,000 shares of Williams Companies stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $76.48, for a total transaction of $917,760.00. Following the completion of the sale, the chief operating officer directly owned 98,219 shares in the company, valued at $7,511,789.12. The trade was a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Payvand Fazel sold 2,898 shares of Williams Companies stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $73.15, for a total value of $211,988.70. Following the sale, the senior vice president owned 31,766 shares of the company’s stock, valued at approximately $2,323,682.90. This represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 90,869 shares of company stock worth $6,845,227 over the last quarter. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Williams Companies

Institutional investors have recently made changes to their positions in the company. Towne Trust Company N.A lifted its holdings in shares of Williams Companies by 60.2% during the 4th quarter. Towne Trust Company N.A now owns 431 shares of the pipeline company’s stock valued at $26,000 after buying an additional 162 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Williams Companies during the 1st quarter valued at about $26,000. Motiv8 Investments LLC acquired a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. Clearstead Trust LLC lifted its holdings in shares of Williams Companies by 62.2% during the 4th quarter. Clearstead Trust LLC now owns 485 shares of the pipeline company’s stock valued at $29,000 after buying an additional 186 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in Williams Companies in the 4th quarter worth approximately $29,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

About Williams Companies

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.