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.
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