Williams Companies (NYSE:WMB)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank of Canada in a report released on Tuesday. They currently have a $38.00 target price on the pipeline company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 16.85% from the company’s current price.

Several other research analysts also recently issued reports on WMB. Wolfe Research started coverage on shares of Williams Companies in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target on the stock. Morgan Stanley reduced their price target on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Credit Suisse Group started coverage on shares of Williams Companies in a research report on Thursday, January 4th. They set an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, Bank of America started coverage on Williams Companies in a report on Tuesday, January 9th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Williams Companies presently has a consensus rating of “Buy” and an average target price of $34.42.

Shares of Williams Companies (NYSE WMB) traded down $0.07 during midday trading on Tuesday, reaching $32.52. 5,128,700 shares of the company traded hands, compared to its average volume of 5,598,473. The firm has a market cap of $26,943.67, a P/E ratio of 57.05, a price-to-earnings-growth ratio of 2.84 and a beta of 1.37. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 1.38. Williams Companies has a 1-year low of $26.82 and a 1-year high of $33.43.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.79 billion. Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. research analysts predict that Williams Companies will post 0.64 earnings per share for the current year.

In related news, CEO Alan S. Armstrong purchased 6,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $27.23 per share, with a total value of $163,380.00. Following the purchase, the chief executive officer now directly owns 345,527 shares in the company, valued at approximately $9,408,700.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ted T. Timmermans sold 1,500 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $28.75, for a total value of $43,125.00. Following the completion of the sale, the vice president now directly owns 9,594 shares of the company’s stock, valued at $275,827.50. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Williams Companies in the 3rd quarter valued at about $105,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Williams Companies in the 3rd quarter valued at about $172,000. Sun Life Financial INC increased its stake in shares of Williams Companies by 46,384.6% in the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after acquiring an additional 6,030 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Williams Companies by 44.4% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock valued at $197,000 after acquiring an additional 2,013 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Williams Companies in the 3rd quarter valued at about $202,000. 84.62% of the stock is owned by institutional investors.

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Williams Companies Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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