In yesterday’s Wall Street session, Williams Cos Inc (NYSE:WMB) shares traded at $53.05, up 1.75% from the previous session.
WMB stock price is now 10.11% away from the 50-day moving average and 27.18% away from the 200-day moving average. The market capitalization of the company currently stands at $64.66B.
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On October 04, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $52 to quote $58, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, Wilson Terrance Lane, SVP & General Counsel sold 2,000 shares of the company’s stock on Nov 01 ’24. The stock was sold for $105,420 at an average price of $52.71. Upon completion of the transaction, the SVP & General Counsel now directly owns 302,200 shares in the company, valued at $16.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Officer Wilson Terrance Lane bought 2,000 shares of the business’s stock. A total of $105,420 was incurred on buying the stock at an average price of $52.71. A total of 0.42% of the company’s stock is owned by insiders.
During the past 12 months, Williams Cos Inc has had a low of $32.65 and a high of $52.85. As of last week, the company has a debt-to-equity ratio of 2.14, a current ratio of 0.45, and a quick ratio of 0.39. According to the stock market information, the enterprise value for the company is $93356302336, which is based on a 22.97 price-to-earnings ratio, a 5.29 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for WMB is $48.0284 and a two-hundred day moving average price translates $41.6187 for the stock.
The latest earnings results from Williams Cos Inc (NYSE: WMB) was released for 2024-06-30. The net profit margin was 27.52% and return on equity was 23.65% for WMB. The company reported revenue of $2.34 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.92 percent.
