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The Williams Companies Inc. (WMB) Suffers From Weak Fundamental Momentum

The Williams Companies Inc. (NYSE:WMB) has a beta value of 1.24 and has seen 6.45 million shares traded in the last trading session. The company, currently valued at $38.87B, closed the last trade at $31.44 per share which meant it lost -$0.24 on the day or -0.76% during that session. The WMB stock price is -20.77% off its 52-week high price of $37.97 and 13.1% above the 52-week low of $27.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.8 million shares traded. The 3-month trading volume is 6.35 million shares.

The consensus among analysts is that The Williams Companies Inc. (WMB) is an Overweight stock at the moment, with a recommendation rating of 2.30. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 23 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.44.

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The Williams Companies Inc. (NYSE:WMB) trade information

Sporting -0.76% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the WMB stock price touched $31.44 or saw a rise of 9.66%. Year-to-date, The Williams Companies Inc. shares have moved -4.44%, while the 5-day performance has seen it change -4.09%. Over the past 30 days, the shares of The Williams Companies Inc. (NYSE:WMB) have changed -4.64%. Short interest in the company has seen 19.11 million shares shorted with days to cover at 2.43.

The Williams Companies Inc. (WMB) estimates and forecasts

Figures show that The Williams Companies Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -6.01% over the past 6 months, with this year growth rate of 19.12%, compared to 14.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 29.40% and 25.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.40%.

6 analysts offering their estimates for the company have set an average revenue estimate of $2.86 billion for the current quarter. 6 have an estimated revenue figure of $3.03 billion for the next quarter concluding in Dec 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 33.20% over the past 5 years. Earnings growth for 2023 is a modest 626.10% while over the next 5 years, the company’s earnings are expected to increase by 7.30%.

WMB Dividends

The Williams Companies Inc. is expected to release its next earnings report between February 20 and February 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.70 at a share yield of 5.41%. The company’s dividend yield has gone up over the past 12 months.

The Williams Companies Inc. (NYSE:WMB)’s Major holders

Insiders own 0.30% of the company shares, while shares held by institutions stand at 87.53% with a share float percentage of 87.79%. Investors are also buoyed by the number of investors in a company, with The Williams Companies Inc. having a total of 1,468 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 125.18 million shares worth more than $3.91 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 10.27% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 122.02 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.81 billion and represent 10.01% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 29, 2022, the former fund manager holds about 2.94% shares in the company for having 35.88 million shares of worth $1.12 billion while later fund manager owns 35.14 million shares of worth $1.01 billion as of Sep 29, 2022, which makes it owner of about 2.88% of company’s outstanding stock.

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