Williams Companies (NYSE:WMB) Given New $65.00 Price Target at Citigroup

Williams Companies (NYSE:WMB) had its price objective lifted by stock analysts at Citigroup from $63.00 to $65.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the pipeline company’s stock. Citigroup’s price objective indicates a potential upside of 13.49% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. UBS Group lifted their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.21.

Williams Companies Stock Performance

Shares of WMB opened at $57.28 on Tuesday. The firm has a market cap of $69.82 billion, a P/E ratio of 31.30, a PEG ratio of 5.01 and a beta of 1.05. Williams Companies has a twelve month low of $34.54 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The firm’s 50 day moving average price is $56.21 and its two-hundred day moving average price is $52.41.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, analysts forecast that Williams Companies will post 2.08 EPS for the current fiscal year.

Institutional Trading of Williams Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC bought a new stake in shares of Williams Companies during the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Williams Companies in the 4th quarter valued at $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies in the 4th quarter valued at $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies during the fourth quarter worth $27,000. Finally, Hoey Investments Inc. acquired a new stake in Williams Companies in the 4th quarter worth about $28,000. Institutional investors own 86.44% of the company’s stock.

About Williams Companies

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.