UBS Group Boosts Williams Companies (WMB) Price Target to $38.00

Williams Companies (NYSE:WMB) had its price target raised by UBS Group from $36.00 to $38.00 in a research note issued to investors on Friday, www.benzinga.com reports. The brokerage currently has a buy rating on the pipeline company’s stock.

A number of other brokerages have also recently issued reports on WMB. Stifel Nicolaus assumed coverage on shares of Williams Companies in a report on Tuesday, August 7th. They issued a buy rating and a $35.00 target price on the stock. Zacks Investment Research raised shares of Williams Companies from a sell rating to a hold rating in a report on Tuesday, July 31st. ValuEngine raised shares of Williams Companies from a sell rating to a hold rating in a report on Thursday, July 19th. Scotiabank raised shares of Williams Companies from a sector perform rating to a buy rating in a report on Friday, May 18th. Finally, US Capital Advisors reaffirmed a buy rating on shares of Williams Companies in a report on Tuesday, July 17th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $33.46.

Shares of WMB stock opened at $30.69 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $26.32 billion, a PE ratio of 48.71 and a beta of 1.43. Williams Companies has a 52-week low of $24.00 and a 52-week high of $33.67.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2 billion. Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. During the same period in the previous year, the company posted $0.13 earnings per share. equities analysts forecast that Williams Companies will post 0.78 earnings per share for the current year.

In related news, VP Ted T. Timmermans sold 20,267 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total value of $648,544.00. Following the transaction, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ted T. Timmermans sold 12,392 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $28.08, for a total transaction of $347,967.36. Following the completion of the transaction, the vice president now owns 27,347 shares in the company, valued at approximately $767,903.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,759 shares of company stock worth $1,030,952. 0.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. AMP Capital Investors Ltd grew its position in shares of Williams Companies by 3.4% during the 2nd quarter. AMP Capital Investors Ltd now owns 3,353,160 shares of the pipeline company’s stock worth $90,905,000 after purchasing an additional 111,760 shares in the last quarter. Flinton Capital Management LLC grew its position in shares of Williams Companies by 22.7% during the 2nd quarter. Flinton Capital Management LLC now owns 31,808 shares of the pipeline company’s stock worth $863,000 after purchasing an additional 5,880 shares in the last quarter. Glen Harbor Capital Management LLC grew its position in shares of Williams Companies by 22.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 18,176 shares of the pipeline company’s stock worth $493,000 after purchasing an additional 3,360 shares in the last quarter. Rampart Investment Management Company LLC grew its position in shares of Williams Companies by 114.2% during the 2nd quarter. Rampart Investment Management Company LLC now owns 37,664 shares of the pipeline company’s stock worth $1,021,000 after purchasing an additional 20,082 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of Williams Companies by 51.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,885,920 shares of the pipeline company’s stock worth $132,457,000 after purchasing an additional 1,654,282 shares in the last quarter. Institutional investors and hedge funds own 86.79% of the company’s stock.

About Williams Companies

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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Analyst Recommendations for Williams Companies (NYSE:WMB)

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