Fintel reports that on October 4, 2024, Morgan Stanley upgraded their outlook for Williams Companies (NYSE:WMB) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 6.01% Downside
As of September 25, 2024, the average one-year price target for Williams Companies is $46.65/share. The forecasts range from a low of $39.39 to a high of $57.75. The average price target represents a decrease of 6.01% from its latest reported closing price of $49.63 / share.
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The projected annual revenue for Williams Companies is 11,901MM, an increase of 16.07%. The projected annual non-GAAP EPS is 1.80.
What is the Fund Sentiment?
There are 2,199 funds or institutions reporting positions in Williams Companies. This is an increase of 67 owner(s) or 3.14% in the last quarter. Average portfolio weight of all funds dedicated to WMB is 0.53%, an increase of 3.38%. Total shares owned by institutions increased in the last three months by 2.64% to 1,227,085K shares. 
The put/call ratio of WMB is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Bank Of America holds 58,116K shares representing 4.77% ownership of the company. In its prior filing, the firm reported owning 57,437K shares , representing an increase of 1.17%. The firm decreased its portfolio allocation in WMB by 74.14% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 38,490K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 38,283K shares , representing an increase of 0.54%. The firm increased its portfolio allocation in WMB by 6.63% over the last quarter.
Dodge & Cox holds 37,548K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 37,785K shares , representing a decrease of 0.63%. The firm increased its portfolio allocation in WMB by 12.12% over the last quarter.
XLE - The Energy Select Sector SPDR Fund holds 33,739K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 29,060K shares , representing an increase of 13.87%. The firm increased its portfolio allocation in WMB by 32.75% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 31,281K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 30,656K shares , representing an increase of 2.00%. The firm increased its portfolio allocation in WMB by 5.34% over the last quarter.
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.
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