Williams Co (WMB) Received its Third Buy in a Row

After Mizuho Securities and J.P. Morgan gave Williams Co (NYSE: WMB) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Praneeth Satish maintained a Buy rating on Williams Co today and set a price target of $40.00. The company’s shares closed last Tuesday at $32.86.

According to TipRanks.com, Satish is a 4-star analyst with an average return of 13.2% and a 67.9% success rate. Satish covers the Industrial Goods sector, focusing on stocks such as Magellan Midstream, Gibson Energy, and Enbridge.

Williams Co has an analyst consensus of Strong Buy, with a price target consensus of $39.75, which is a 16.4% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a $42.00 price target.

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Williams Co’s market cap is currently $40.02B and has a P/E ratio of 25.61.

Based on the recent corporate insider activity of 38 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.

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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