Citigroup Boosts Williams Companies (NYSE:WMB) Price Target to $29.00

Williams Companies (NYSE:WMB) had its target price hoisted by equities researchers at Citigroup from $27.00 to $29.00 in a research report issued to clients and investors on Thursday, The Fly reports. Citigroup’s target price indicates a potential downside of 0.99% from the company’s previous close.

A number of other analysts have also recently weighed in on WMB. US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a research note on Thursday, November 18th. Credit Suisse Group raised their price target on Williams Companies from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, November 11th. TD Securities raised their price target on Williams Companies from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 4th. Wolfe Research cut Williams Companies from an “outperform” rating to a “peer perform” rating and set a $29.00 price target on the stock. in a research note on Tuesday, October 19th. Finally, Royal Bank of Canada raised their price target on Williams Companies from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $30.27.

WMB opened at $29.29 on Thursday. Williams Companies has a 52 week low of $21.05 and a 52 week high of $29.89. The business has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $26.52. The firm has a market cap of $35.59 billion, a P/E ratio of 35.72, a P/E/G ratio of 6.88 and a beta of 1.40. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.46.

Williams Companies (NYSE:WMB) last released its earnings results on Sunday, October 31st. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.09 billion. Williams Companies had a return on equity of 10.84% and a net margin of 10.67%. Williams Companies’s revenue was up 28.0% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. Sell-side analysts expect that Williams Companies will post 1.26 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in Williams Companies by 0.6% in the 3rd quarter. Cetera Investment Advisers now owns 63,527 shares of the pipeline company’s stock valued at $1,648,000 after acquiring an additional 359 shares during the period. Outlook Wealth Advisors LLC increased its position in Williams Companies by 3.2% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 11,800 shares of the pipeline company’s stock valued at $306,000 after acquiring an additional 365 shares during the period. CAPROCK Group Inc. increased its position in Williams Companies by 4.9% in the 3rd quarter. CAPROCK Group Inc. now owns 8,028 shares of the pipeline company’s stock valued at $208,000 after acquiring an additional 375 shares during the period. First Mercantile Trust Co. increased its position in Williams Companies by 1.5% in the 3rd quarter. First Mercantile Trust Co. now owns 24,664 shares of the pipeline company’s stock valued at $640,000 after acquiring an additional 376 shares during the period. Finally, Keudell Morrison Wealth Management increased its position in Williams Companies by 3.9% in the 3rd quarter. Keudell Morrison Wealth Management now owns 10,280 shares of the pipeline company’s stock valued at $267,000 after acquiring an additional 385 shares during the period. Hedge funds and other institutional investors own 83.78% of the company’s stock.

About Williams Companies

The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico; Northeast G&P; and West. The Transmission and Gulf of Mexico segment comprises of interstate natural gas pipelines, Transco and Northwest Pipeline, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.

Read More: How analysts view the yield curve

The Fly logo

Analyst Recommendations for Williams Companies (NYSE:WMB)

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.