Williams Co (WMB) Receives a Buy from Morgan Stanley
In a report released today, Robert Kad from Morgan Stanley maintained a Buy rating on Williams Co, with a price target of $83.00.
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Kad covers the Energy sector, focusing on stocks such as Energy Transfer, Enterprise Products Partners, and Oneok. According to TipRanks, Kad has an average return of 7.9% and a 60.41% success rate on recommended stocks.
In addition to Morgan Stanley, Williams Co also received a Buy from RBC Capital’s Elvira Scotto in a report issued today. However, on January 16, Scotiabank maintained a Hold rating on Williams Co (NYSE: WMB).
Based on Williams Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.92 billion and a net profit of $647 million. In comparison, last year the company earned a revenue of $2.65 billion and had a net profit of $706 million
Based on the recent corporate insider activity of 55 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. Last month, Terrance Lane Wilson, the SVP & GC of WMB sold 2,000.00 shares for a total of $123,800.00.
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