Williams Co Receives a Hold from Barclays

By Carrie Williams

Barclays analyst Christine Cho maintained a Hold rating on Williams Co (NYSE: WMB) yesterday and set a price target of $33. The company’s shares opened today at $30.87, close to its 52-week high of $32.69.

According to TipRanks.com, Cho is a 1-star analyst with an average return of -0.4% and a 47.1% success rate. Cho covers the Basic Materials sector, focusing on stocks such as National Fuel Gas Company, Spectra Energy Partners, and Phillips 66 Partners.

Williams Co has an analyst consensus of Moderate Buy, with a price target consensus of $32.60.

The company has a one year high of $32.69 and a one year low of $19.60. Currently, Williams Co has an average volume of 7.21M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 Cos., Inc. operates as an integrated natural gas company that explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners, Williams NGL & Petchem Services and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses. The gas pipeline business includes interstate natural gas pipelines and pipeline joint venture investments, and the midstream business provides natural gas gathering, treating and processing services; NGL production, fractionation, storage, marketing and transportation and deepwater production handling and crude oil transportation services. The Williams NGL & Petchem Services comprises Texas belle pipeline and certain other domestic olefins pipeline assets and certain canadian growth projects under development, including a propane dehydrogenation facility and a liquids extraction plant. The Other segment comprises of corporate operations and Canadian construction services company. The company was founded in 1908 by David Williams and Miller Williams and is headquartered in Tulsa, OK.