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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 11% | 128,606,314 | $4,436,274,664 |
| 2023-06-30 | Blackrock Inc. | 10% | 118,182,992 | $4,076,722,182 |
| 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.
