On March 28, 2023,
Truist Securities
downgraded
their outlook for Williams Companies (NYSE:WMB) from Buy to Hold.
Analyst Price Forecast Suggests 31.37% Upside
As of March 28, 2023,
the average one-year price target for Williams Companies is $38.01.
The forecasts range from a low of $30.30 to a high of $44.10.
The average price target represents an increase of 31.37% from its latest reported closing price of $28.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Williams Companies
is $12,323MM, an increase of 8.55%.
The projected annual non-GAAP EPS
is $1.79.
What are Large Shareholders Doing?
Bank Of America
holds 43,137K shares
representing 3.54% ownership of the company.
In it’s prior filing, the firm reported owning 42,489K shares, representing
an increase
of 1.50%.
The firm
decreased
its portfolio allocation in WMB by 99.89% over the last quarter.
Dodge & Cox
holds 39,357K shares
representing 3.23% ownership of the company.
In it’s prior filing, the firm reported owning 49,730K shares, representing
a decrease
of 26.36%.
The firm
decreased
its portfolio allocation in WMB by 17.69% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 37,049K shares
representing 3.04% ownership of the company.
In it’s prior filing, the firm reported owning 36,320K shares, representing
an increase
of 1.97%.
The firm
increased
its portfolio allocation in WMB by 8.25% over the last quarter.
XLE – The Energy Select Sector SPDR Fund
holds 35,256K shares
representing 2.89% ownership of the company.
In it’s prior filing, the firm reported owning 35,600K shares, representing
a decrease
of 0.97%.
The firm
decreased
its portfolio allocation in WMB by 6.33% over the last quarter.
Deutsche Bank Ag\
holds 31,131K shares
representing 2.55% ownership of the company.
No change in the last quarter.
What is the Fund Sentiment?
There are 2048 funds or institutions reporting positions in Williams Companies.
This is an increase
of
57
owner(s) or 2.86% in the last quarter.
Average portfolio weight of all funds dedicated to WMB is 0.60%,
an increase
of 9.81%.
Total shares owned by institutions decreased
in the last three months by 0.24% to 1,214,879K shares.
The put/call ratio of WMB is 0.60, indicating a
bullish
outlook.
Williams Cos Background Information
(This description is provided by the company.)
Williams is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
