Royal Bank Of Canada Boosts Williams Companies (NYSE:WMB) Price Target to $82.00

Williams Companies (NYSE:WMB) had its price objective hoisted by stock analysts at Royal Bank Of Canada from $78.00 to $82.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the pipeline company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 12.75% from the stock’s previous close.

Other analysts also recently issued reports about the company. Zacks Research raised Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup boosted their target price on Williams Companies from $70.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Scotiabank upped their price target on Williams Companies from $84.00 to $85.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 1st. Wells Fargo & Company lifted their price objective on shares of Williams Companies from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Finally, Truist Financial began coverage on shares of Williams Companies in a research report on Tuesday, March 24th. They set a “buy” rating and a $84.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Williams Companies Stock Performance

Shares of Williams Companies stock traded up $0.73 during trading on Monday, reaching $72.73. The company’s stock had a trading volume of 168,158 shares, compared to its average volume of 7,259,510. The company has a 50-day moving average price of $71.84 and a two-hundred day moving average price of $64.66. Williams Companies has a fifty-two week low of $51.58 and a fifty-two week high of $76.87. The firm has a market cap of $88.84 billion, a PE ratio of 33.97, a P/E/G ratio of 1.24 and a beta of 0.63. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Tuesday, February 10th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). Williams Companies had a return on equity of 17.32% and a net margin of 21.90%.The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $0.47 earnings per share. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS. On average, analysts forecast that Williams Companies will post 2.08 EPS for the current year.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 27,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $72.92, for a total transaction of $1,968,840.00. Following the sale, the senior vice president directly owned 293,159 shares in the company, valued at approximately $21,377,154.28. The trade was a 8.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Todd J. Rinke sold 7,364 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $74.39, for a total transaction of $547,807.96. Following the transaction, the senior vice president directly owned 26,055 shares in the company, valued at approximately $1,938,231.45. This trade represents a 22.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 53,369 shares of company stock worth $3,912,512. Insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WMB. Mill Creek Capital Advisors LLC grew its holdings in shares of Williams Companies by 2.4% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,000 shares of the pipeline company’s stock worth $361,000 after acquiring an additional 141 shares during the period. UMB Bank n.a. raised its holdings in Williams Companies by 1.0% during the fourth quarter. UMB Bank n.a. now owns 15,309 shares of the pipeline company’s stock worth $920,000 after purchasing an additional 148 shares during the last quarter. Parallel Advisors LLC boosted its position in Williams Companies by 1.2% during the fourth quarter. Parallel Advisors LLC now owns 12,646 shares of the pipeline company’s stock worth $760,000 after purchasing an additional 149 shares in the last quarter. Great Diamond Partners LLC grew its holdings in Williams Companies by 0.4% in the fourth quarter. Great Diamond Partners LLC now owns 34,870 shares of the pipeline company’s stock valued at $2,096,000 after purchasing an additional 150 shares during the last quarter. Finally, Betterment LLC grew its holdings in Williams Companies by 3.3% in the fourth quarter. Betterment LLC now owns 4,766 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 154 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Company Profile

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.