In yesterday’s Wall Street session, Williams Cos Inc (NYSE:WMB) shares traded at $54.43, down -1.38% from the previous session.
WMB stock price is now 0.20% away from the 50-day moving average and 21.71% away from the 200-day moving average. The market capitalization of the company currently stands at $65.44B.
On October 04, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $52 to quote $58, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, Wilson Terrance Lane, SVP & General Counsel sold 2,000 shares of the company’s stock on Dec 02 ’24. The stock was sold for $117,200 at an average price of $58.60. Upon completion of the transaction, the SVP & General Counsel now directly owns 300,200 shares in the company, valued at $16.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Officer Wilson Terrance Lane bought 2,000 shares of the business’s stock. A total of $117,200 was incurred on buying the stock at an average price of $58.60. A total of 0.46% of the company’s stock is owned by insiders.
During the past 12 months, Williams Cos Inc has had a low of $32.65 and a high of $60.36. As of last week, the company has a debt-to-equity ratio of 2.18, a current ratio of 0.57, and a quick ratio of 0.51. According to the stock market information, the enterprise value for the company is $95169814528, which is based on a 23.15 price-to-earnings ratio, a 4.50 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for WMB is $54.3238 and a two-hundred day moving average price translates $44.7209 for the stock.
The latest earnings results from Williams Cos Inc (NYSE: WMB) was released for 2024-09-30. The net profit margin was 27.73% and return on equity was 23.78% for WMB. The company reported revenue of $2.65 billion for the quarter, compared to $2.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.67 percent.
