Williams Companies (NYSE:WMB) Upgraded by Tudor Pickering to Strong-Buy Rating

Williams Companies (NYSE:WMB) was upgraded by analysts at Tudor Pickering from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms also recently weighed in on WMB. The Goldman Sachs Group upped their price target on shares of Williams Companies from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Morgan Stanley lifted their target price on shares of Williams Companies from $70.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. BMO Capital Markets reduced their target price on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Mizuho raised shares of Williams Companies to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Argus restated a “buy” rating and set a $66.00 target price on shares of Williams Companies in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.21.

Williams Companies Stock Performance

NYSE WMB opened at $60.27 on Monday. The stock has a market capitalization of $73.60 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.91 and a beta of 0.63. Williams Companies has a twelve month low of $51.58 and a twelve month high of $65.55. The stock has a 50-day moving average of $60.86 and a 200 day moving average of $59.56. The company has a current ratio of 0.54, a quick ratio of 0.48 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. Williams Companies’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. Sell-side analysts anticipate that Williams Companies will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 4,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the sale, the senior vice president owned 302,645 shares in the company, valued at approximately $18,319,101.85. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Williams Companies

Several institutional investors and hedge funds have recently modified their holdings of WMB. Flaharty Asset Management LLC acquired a new stake in shares of Williams Companies during the first quarter worth about $25,000. Hartford Funds Management Co LLC acquired a new stake in Williams Companies during the 2nd quarter worth approximately $29,000. Private Wealth Management Group LLC increased its position in shares of Williams Companies by 104.8% during the second quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 240 shares during the period. Saudi Central Bank purchased a new position in Williams Companies in the first quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Williams Companies during the second quarter worth about $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Company Profile

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.