Williams Companies (NYSE:WMB) had its price objective decreased by investment analysts at Barclays from $35.00 to $31.00 in a research report issued to clients and investors on Tuesday, April 17th. The firm currently has an “equal weight” rating on the pipeline company’s stock. Barclays’ target price suggests a potential upside of 22.00% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. ValuEngine downgraded Williams Companies from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Bank of America assumed coverage on Williams Companies in a research report on Tuesday, January 9th. They issued a “buy” rating for the company. Sanford C. Bernstein downgraded Williams Companies from an “outperform” rating to a “market perform” rating and set a $30.00 price objective for the company. in a research report on Monday, March 26th. Finally, Credit Suisse Group started coverage on Williams Companies in a report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.85.
Williams Companies stock traded down $0.44 during mid-day trading on Tuesday, reaching $25.41. 3,219,647 shares of the company were exchanged, compared to its average volume of 7,487,043. Williams Companies has a twelve month low of $24.00 and a twelve month high of $33.67. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $21,105.12, a price-to-earnings ratio of 40.81 and a beta of 1.39.
In other news, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 17,945 shares of the company’s stock, valued at $507,484.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen B. Cooper sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.31, for a total value of $113,240.00. Following the transaction, the director now directly owns 45,465 shares of the company’s stock, valued at $1,287,114.15. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC acquired a new stake in Williams Companies in the fourth quarter worth approximately $232,000. Parametric Portfolio Associates LLC lifted its position in shares of Williams Companies by 2.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,138,690 shares of the pipeline company’s stock valued at $64,182,000 after acquiring an additional 58,630 shares during the last quarter. Rothschild Investment Corp IL acquired a new stake in shares of Williams Companies during the 4th quarter valued at $558,000. HBK Investments L P lifted its position in shares of Williams Companies by 8.4% during the 4th quarter. HBK Investments L P now owns 1,679,100 shares of the pipeline company’s stock valued at $51,196,000 after acquiring an additional 129,600 shares during the last quarter. Finally, Virtus Fund Advisers LLC lifted its position in shares of Williams Companies by 3.3% during the 4th quarter. Virtus Fund Advisers LLC now owns 2,798,600 shares of the pipeline company’s stock valued at $85,329,000 after acquiring an additional 90,050 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.
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.
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