A series of recent developments concerning
Williams Companies (WMB) point towards an increasingly enterprise. A notable feature is the
high institutional shareholding, with 88-89% of the stock owned by institutional players. The company has been reporting
increasing returns on capital while managing to maintain their dividends despite sector weakness. However, potential quality issues in their profits emerge. Further, despite the stock reaching new 1-year high, insider selling could be an indicator of caution. The company's focus on natural gas places it strategically important for U.S. in the AI race according to its CEO, even as the stock is noted for outperforming the energy sector. Analysts offer mixed ratings, from
downgrade to hold to positive price targets from
Royal Bank of Canada and ScotiaBank. It stands to note that its full-year 2023 earnings beat expectations on earnings per share (EPS) but lagged on revenues.
Second quarter 2024 earnings missed estimates, and there was a
legal setback worth $1B on a pipeline project. Nonetheless, the company reports progress on environmental performance and previews a strong midstream yield for 2024.
Williams Companies WMB News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 01 Sep 2024 09:24:25 GMT -
Rating 7
- Innovation 1
- Information 8
- Rumor -3
