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Williams Companies (NYSE:WMB) Price Target Raised to $40.00 at Truist Financial

Written by Amanda

Williams Companies logo with Oils/Energy background

Williams Companies (NYSE:WMBFree Report) had its target price hoisted by Truist Financial from $35.00 to $40.00 in a research note released on Monday, Benzinga reports. The firm currently has a hold rating on the pipeline company’s stock.

Several other equities analysts have also recently commented on the company. UBS Group increased their target price on Williams Companies from $41.00 to $42.00 and gave the company a buy rating in a research note on Thursday, February 15th. Mizuho increased their target price on Williams Companies from $41.00 to $43.00 and gave the company a buy rating in a research note on Thursday, December 7th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $38.09.

View Our Latest Analysis on Williams Companies

Williams Companies Stock Down 0.1 %

NYSE WMB traded down $0.04 on Monday, reaching $38.21. The company had a trading volume of 5,733,477 shares, compared to its average volume of 7,217,307. The firm has a market capitalization of $46.56 billion, a PE ratio of 14.58, a P/E/G ratio of 6.08 and a beta of 1.04. Williams Companies has a 1 year low of $28.26 and a 1 year high of $38.77. The firm has a 50-day moving average of $35.27 and a 200-day moving average of $35.06. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.

Williams Companies (NYSE:WMBGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts anticipate that Williams Companies will post 1.8 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.97%. Williams Companies’s payout ratio is 72.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of Williams Companies by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 331,141 shares of the pipeline company’s stock valued at $11,534,000 after purchasing an additional 7,668 shares during the period. Addis & Hill Inc acquired a new position in shares of Williams Companies in the 4th quarter valued at $504,000. Grayhawk Investment Strategies Inc. purchased a new stake in Williams Companies in the 4th quarter worth about $376,000. ICA Group Wealth Management LLC purchased a new stake in Williams Companies in the 4th quarter worth about $66,000. Finally, SageView Advisory Group LLC lifted its stake in Williams Companies by 19.1% in the 4th quarter. SageView Advisory Group LLC now owns 45,506 shares of the pipeline company’s stock worth $1,602,000 after acquiring an additional 7,293 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Williams Companies (NYSE:WMB)

Before you consider Williams Companies, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Williams Companies wasn’t on the list.

While Williams Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

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Source: marketbeat.com

Williams Companies logo with Oils/Energy background

Williams Companies (NYSE:WMBFree Report) had its target price hoisted by Truist Financial from $35.00 to $40.00 in a research note released on Monday, Benzinga reports. The firm currently has a hold rating on the pipeline company’s stock.

Several other equities analysts have also recently commented on the company. UBS Group increased their target price on Williams Companies from $41.00 to $42.00 and gave the company a buy rating in a research note on Thursday, February 15th. Mizuho increased their target price on Williams Companies from $41.00 to $43.00 and gave the company a buy rating in a research note on Thursday, December 7th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $38.09.

View Our Latest Analysis on Williams Companies

Williams Companies Stock Down 0.1 %

NYSE WMB traded down $0.04 on Monday, reaching $38.21. The company had a trading volume of 5,733,477 shares, compared to its average volume of 7,217,307. The firm has a market capitalization of $46.56 billion, a PE ratio of 14.58, a P/E/G ratio of 6.08 and a beta of 1.04. Williams Companies has a 1 year low of $28.26 and a 1 year high of $38.77. The firm has a 50-day moving average of $35.27 and a 200-day moving average of $35.06. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.

Williams Companies (NYSE:WMBGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts anticipate that Williams Companies will post 1.8 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.97%. Williams Companies’s payout ratio is 72.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of Williams Companies by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 331,141 shares of the pipeline company’s stock valued at $11,534,000 after purchasing an additional 7,668 shares during the period. Addis & Hill Inc acquired a new position in shares of Williams Companies in the 4th quarter valued at $504,000. Grayhawk Investment Strategies Inc. purchased a new stake in Williams Companies in the 4th quarter worth about $376,000. ICA Group Wealth Management LLC purchased a new stake in Williams Companies in the 4th quarter worth about $66,000. Finally, SageView Advisory Group LLC lifted its stake in Williams Companies by 19.1% in the 4th quarter. SageView Advisory Group LLC now owns 45,506 shares of the pipeline company’s stock worth $1,602,000 after acquiring an additional 7,293 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Williams Companies (NYSE:WMB)

Before you consider Williams Companies, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Williams Companies wasn’t on the list.

While Williams Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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