Williams Companies (WMB) have been performing robustly in the energy sector, with shareholders enjoying a
23% CAGR over the last three years. In a bid to continue growing its returns on capital, an increase in share sales from various entities, like the Banque Cantonale Vaudoise and Rise Advisors LLC among others, has been observed. Amidst this, the stock has been
upgraded to 'Buy' at Argus after hitting a
new 1-year high post the analyst upgrade. The company had a powerful Q1 earnings beat, with prospects of dividend increase. There's a consequent increase in the price target to $42 by Truist Financial and a new deepwater deal has been declared at Salamanca. Despite a
market cap decline of $1.9b, institutional owners seem unfazed. Higher stake acquisitions by entities like SageView Advisory Group LLC and Chickasaw Capital Management LLC evince confidence in WMB's profitability. The company's
healthy Q1 results and far-reaching gas demands played a part in its
record 2023 financial results. The will to pay larger dividends than the previous year at $0.475 shows promise. A senior VP selling stock has raised some eyebrows while ongoing disagreements with Energy Transfer create turbulence. The
projected EPS outlook aligns with Q1 results, indicating steady growth.
Williams Companies WMB News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Sun, 23 Jun 2024 11:35:15 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -7
