Williams Cos Inc (NYSE:WMB) shares traded -0.04% lower at $55.58 on Wall Street last session.
WMB stock price is now 11.85% away from the 50-day moving average and 30.89% away from the 200-day moving average. The market capitalization of the company currently stands at $67.75B.
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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, Larsen Larry C, Senior Vice President sold 6,684 shares of the company’s stock on Nov 08 ’24. The stock was sold for $377,512 at an average price of $56.48. Upon completion of the transaction, the Senior Vice President now directly owns 74,393 shares in the company, valued at $4.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, VP Chief Accounting Officer Hausman Mary A. sold 7,951 shares of the business’s stock. A total of $447,650 was realized by selling the stock at an average price of $56.30. This leaves the insider owning 25,858 shares of the company worth $1.44 million. 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 $57.33. As of last week, the company has a debt-to-equity ratio of 2.18, a current ratio of 0.57, and a quick ratio of 0.51. According to the stock market information, the enterprise value for the company is $96571678720, which is based on a 23.64 price-to-earnings ratio, a 5.44 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for WMB is $49.6896 and a two-hundred day moving average price translates $42.4638 for the stock.
The latest earnings results from Williams Cos Inc (NYSE: WMB) was released for 2024-09-30. The net profit margin was 27.73% and return on equity was 23.78% for WMB. The company reported revenue of $2.65 billion for the quarter, compared to $2.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.67 percent.
