This afternoon we watched Williams Companies drop -1.0% to a price of $34.49 per share. The large-cap Oil & Gas Transportation and Processing company is now trading -8.38% below its average target price of $37.65. Analysts have set target prices ranging from $31.0 to $42.0 per share for Williams Companies, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.3%, and a short ratio of 4.11. The company's insiders own 0.36% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.5% of Williams Companies's shares being owned by this investor type.
Institutions Invested in Williams Companies
|2023-06-30||Vanguard Group Inc||11%||128,606,314||$4,436,274,664|
|2023-06-30||State Street Corporation||7%||82,587,296||$2,848,848,687|
|2023-06-30||Bank of America Corporation||4%||50,857,177||$1,754,318,266|
|2023-06-30||Dodge & Cox Inc||3%||39,014,106||$1,345,791,544|
|2023-06-30||Geode Capital Management, LLC||2%||27,149,522||$936,522,732|
|2023-06-30||JP Morgan Chase & Company||2%||23,881,035||$823,776,276|
|2023-06-30||ClearBridge Investments, LLC||2%||23,515,457||$811,165,664|
|2023-06-30||Royal Bank of Canada||2%||21,392,837||$737,945,889|
|2023-06-30||Price (T.Rowe) Associates Inc||2%||20,028,700||$690,889,985|
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Williams Companies.