In a report released yesterday, Elvira Scotto from RBC Capital maintained a Buy rating on Williams Co (WMB – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $38.66.
Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners. According to TipRanks, Scotto has an average return of 18.0% and a 64.42% success rate on recommended stocks.
In addition to RBC Capital, Williams Co also received a Buy from UBS’s Shneur Gershuni in a report issued on April 12. However, on April 17, Wolfe Research downgraded Williams Co (NYSE: WMB) to a Sell.
WMB market cap is currently $46.92B and has a P/E ratio of 14.83.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Williams Co (WMB) Company Description:
The Williams Companies, Inc. is an energy infrastructure company which primarily operates in the United States. The company engages in building and providing infrastructure that safely processes and delivers natural gas products.
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