Williams Companies (NYSE:WMB) Stock Price Expected to Rise, TD Cowen Analyst Says

Williams Companies (NYSE:WMB) had its price target boosted by TD Cowen from $69.00 to $70.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the pipeline company’s stock. TD Cowen’s price target would indicate a potential upside of 17.58% from the stock’s previous close.

Several other research firms also recently commented on WMB. Zacks Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. CIBC raised Williams Companies from a “neutral” rating to a “sector outperform” rating and set a $64.00 price objective for the company in a report on Friday, August 15th. Finally, Morgan Stanley upped their target price on Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.86.

Williams Companies Stock Up 2.7%

Shares of WMB stock opened at $59.53 on Thursday. Williams Companies has a fifty-two week low of $51.58 and a fifty-two week high of $65.55. The firm has a market capitalization of $72.59 billion, a PE ratio of 29.92, a P/E/G ratio of 1.91 and a beta of 0.63. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock’s 50-day simple moving average is $60.38 and its 200-day simple moving average is $59.40.

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

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction 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 sale, the senior vice president owned 311,645 shares of the company’s stock, valued at approximately $17,956,984.90. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Williams Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Flaharty Asset Management LLC purchased a new position in Williams Companies in the 1st quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $29,000. Private Wealth Management Group LLC increased its holdings in shares of Williams Companies by 104.8% in the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 240 shares during the last quarter. Hartford Funds Management Co LLC purchased a new position in Williams Companies during the second quarter worth approximately $29,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Williams Companies by 4,490.9% during the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after buying an additional 494 shares during the last quarter. 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.