Williams Companies (NYSE:WMB – Get Free Report) had its price objective raised by equities researchers at Morgan Stanley from $99.00 to $103.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Morgan Stanley’s price target would suggest a potential upside of 37.37% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. UBS Group reaffirmed a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Barclays lifted their target price on Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Jefferies Financial Group decreased their price target on Williams Companies from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wolfe Research raised Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Truist Financial increased their price objective on Williams Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $85.60.
Read Our Latest Stock Analysis on Williams Companies
Williams Companies Stock Up 2.1%
Williams Companies (NYSE:WMB – Get Free Report) last issued its earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities research analysts anticipate that Williams Companies will post 2.43 EPS for the current fiscal year.
Insider Activity at Williams Companies
In other news, SVP Terrance Lane Wilson sold 13,000 shares of Williams Companies stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the transaction, the senior vice president directly owned 268,159 shares of the company’s stock, valued at $20,077,064.33. The trade was a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 17,000 shares of company stock valued at $1,262,930 over the last 90 days. 0.47% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in WMB. Bank of America Corp DE bought a new stake in Williams Companies during the 2nd quarter worth approximately $3,320,606,000. Norges Bank purchased a new position in Williams Companies during the fourth quarter valued at approximately $747,749,000. Legal & General Group Plc bought a new position in shares of Williams Companies in the second quarter worth approximately $596,077,000. BROOKFIELD Corp ON boosted its position in shares of Williams Companies by 190.3% in the second quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares during the period. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of Williams Companies in the second quarter worth $500,305,000. 86.44% of the stock is currently owned by institutional investors.
About Williams Companies
Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.
Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.
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