Williams Companies (NYSE:WMB) Price Target Raised to $60.00 at Truist Financial

Williams Companies (NYSE:WMB) had its price target upped by Truist Financial from $56.00 to $60.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the pipeline company’s stock. Truist Financial’s target price would suggest a potential upside of 5.27% from the stock’s current price.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group lifted their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Mizuho lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Barclays lifted their price target on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Williams Companies Trading Down 0.8 %

NYSE:WMB opened at $57.00 on Friday. The company has a market capitalization of $69.48 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. Williams Companies has a 52-week low of $33.03 and a 52-week high of $61.46. The stock has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $51.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. On average, equities research analysts expect that Williams Companies will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Williams Companies

Large investors have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in Williams Companies during the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies during the fourth quarter worth $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies in the fourth quarter worth $27,000. Sandy Spring Bank acquired a new stake in Williams Companies in the fourth quarter worth $27,000. Finally, Hoey Investments Inc. acquired a new stake in Williams Companies in the fourth quarter worth $28,000. 86.44% of the stock is currently owned by institutional investors.

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.