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

Williams Companies (NYSE:WMB) had its price target hoisted by Truist Financial from $56.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the pipeline company’s stock. Truist Financial’s price objective suggests a potential upside of 4.44% from the company’s current price.

Several other brokerages have also weighed in on WMB. 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 report on Tuesday, November 26th. Barclays raised their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Mizuho raised their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.29.

Williams Companies Stock Performance

Shares of Williams Companies stock traded down $0.01 during trading hours on Friday, hitting $57.45. 2,088,058 shares of the company’s stock traded hands, compared to its average volume of 7,472,883. Williams Companies has a 12-month low of $33.03 and a 12-month high of $61.46. The stock has a market capitalization of $70.03 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 5.06 and a beta of 1.04. The company has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $51.55. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share 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%. Equities research analysts anticipate that Williams Companies will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Williams Companies

A number of large investors have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft increased its stake in Williams Companies by 3.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after purchasing an additional 180 shares during the period. Albion Financial Group UT increased its stake in Williams Companies by 18.4% in the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after purchasing an additional 184 shares during the period. Sprinkle Financial Consultants LLC increased its stake in Williams Companies by 3.8% in the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after purchasing an additional 185 shares during the period. AMG National Trust Bank increased its stake in shares of Williams Companies by 0.6% during the fourth quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company’s stock valued at $1,669,000 after buying an additional 186 shares during the period. Finally, Tower Wealth Partners Inc. increased its stake in shares of Williams Companies by 4.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company’s stock valued at $248,000 after buying an additional 191 shares during the period. 86.44% of the stock is owned by hedge funds and other 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.