Wilson Terrance Lane, Senior Vice President and General Counsel at Williams Companies Inc. (NYSE:), recently sold 2,000 shares of the company’s stock. The transaction, executed on January 2, 2025, was executed at a price of $54.50 per share, for a total sale of $109,000. The sale comes as WMB trades near its 52-week high of $60.36, with the stock showing exceptional strength through a 60.8% return over the past year. This sale was made pursuant to a 10b5-1 Sale Plan established in June 2024. Following this transaction, Lane retains ownership of 298,200 shares in the company. According to InvestingPro analysis, WMB appears to be trading above its fair value, with 12 additional exclusive insights available to subscribers. The company’s market capitalization is $69 billion, reflecting strong momentum with a price return of 33.1% over the past six months.
In other recent news, the companies Williams and Energy transfer (NYSE: ) are attracting attention with significant updates. RBC Capital Markets recently highlighted Williams Companies, with an improved target price to $62, while Truist Securities also adjusted their outlook on Williams Companies, raising their target price to $56.00. These adjustments reflect the company’s strong growth, as evidenced by the record adjusted EBITDA reported in the third quarter 2024 earnings report.
On the other hand, RBC Capital and Citi favored Energy Transfer, with RBC Capital forecasting Energy Transfer’s adjusted EBITDA to reach $15.560 billion in 2024, $16.320 billion in 2025 and $17.023 billion in 2026. Citi predicts a potential return of 13%. for Energy Transmission until 2029, based on an expected 5.5% compound annual growth rate of earnings per per unit and a distribution yield of about 7.5%.
CFRA upgraded Williams Companies from Hold to Buy, setting a new price target of $62.00, reflecting an optimistic outlook due to a more favorable regulatory environment. The company’s earnings per share for the third quarter were $0.43, beating the consensus estimate by $0.02, while third-quarter revenue came in at $1.7 billion, up from a year earlier.
In the area, stocks fell after a milder-than-average weather forecast for December. However, Williams companies have shown resilience with a 22.9% return on invested capital from 2018 to 2023. These are recent developments that investors should be aware of.
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