In yesterday’s Wall Street session, Williams Cos Inc (NYSE:WMB) shares traded at $38.51, up 2.47% from the previous session.
WMB stock price is now 4.76% away from the 50-day moving average and 9.47% away from the 200-day moving average. The market capitalization of the company currently stands at $46.92B.
With the price target maintained at $34, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Williams Cos Inc (NYSE: WMB). , while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Larsen Larry C, Senior Vice President sold 5,000 shares of the company’s stock on Mar 06 ’24. The stock was sold for $183,250 at an average price of $36.65. Upon completion of the transaction, the Senior Vice President now directly owns 81,016 shares in the company, valued at $3.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07 ’23, SVP Transmission & Gulf of Mex Hallam Scott A. sold 7,193 shares of the business’s stock. A total of $237,369 was realized by selling the stock at an average price of $33.00. This leaves the insider owning 226,973 shares of the company worth $8.74 million. A total of 0.35% of the company’s stock is owned by insiders.
During the past 12 months, Williams Cos Inc has had a low of $28.27 and a high of $39.76. As of last week, the company has a debt-to-equity ratio of 2.15, a current ratio of 0.77, and a quick ratio of 0.73.
The net profit margin was 31.92% and return on equity was 27.43% for WMB. The company reported revenue of $2.78 billion for the quarter, compared to $2.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.98 percent.
Williams Cos Inc(WMB) 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. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, the Mid-Continent region that includes the Anadarko and Permian basins, and the DJ Basin of Colorado; and operates natural gas liquid (NGL) fractionation and storage facilities in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; asset management services; and transports and markets NGLs. The company owns and operates 33,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.
