Williams Companies (WMB) Price Target Lowered to $31.00 at Barclays

Williams Companies (NYSE:WMB) had its target price reduced by analysts at Barclays from $35.00 to $31.00 in a research note issued on Tuesday. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays’ target price points to a potential upside of 20.48% from the stock’s current price.

WMB has been the subject of several other reports. Zacks Investment Research cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. ValuEngine lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Bank of America assumed coverage on shares of Williams Companies in a research report on Tuesday, January 9th. They issued a “buy” rating for the company. Sanford C. Bernstein lowered shares of Williams Companies from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research report on Monday, March 26th. Finally, Credit Suisse Group assumed coverage on shares of Williams Companies in a research report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Williams Companies has an average rating of “Buy” and a consensus target price of $34.25.

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Shares of Williams Companies stock opened at $25.73 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $21,171.31, a price-to-earnings ratio of 41.27 and a beta of 1.39. Williams Companies has a 52-week low of $24.00 and a 52-week high of $33.67.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. During the same period in the previous year, the company earned ($0.02) earnings per share. research analysts predict that Williams Companies will post 0.78 EPS for the current year.

In related news, Director Kathleen B. Cooper sold 4,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the transaction, the director now owns 45,465 shares in the company, valued at $1,287,114.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the transaction, the vice president now owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Checchi Capital Advisers LLC bought a new position in shares of Williams Companies during the fourth quarter worth $232,000. Parametric Portfolio Associates LLC boosted its position in shares of Williams Companies by 2.8% during the third quarter. Parametric Portfolio Associates LLC now owns 2,138,690 shares of the pipeline company’s stock worth $64,182,000 after acquiring an additional 58,630 shares during the last quarter. Rothschild Investment Corp IL bought a new position in shares of Williams Companies during the fourth quarter worth $558,000. HBK Investments L P boosted its position in shares of Williams Companies by 8.4% during the fourth quarter. HBK Investments L P now owns 1,679,100 shares of the pipeline company’s stock worth $51,196,000 after acquiring an additional 129,600 shares during the last quarter. Finally, Virtus Fund Advisers LLC boosted its position in shares of Williams Companies by 3.3% during the fourth quarter. Virtus Fund Advisers LLC now owns 2,798,600 shares of the pipeline company’s stock worth $85,329,000 after acquiring an additional 90,050 shares during the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

Analyst Recommendations for Williams Companies (NYSE:WMB)

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