What Caused WMB's Price Collapse Today?

Williams shares fell -1.3% this morning to a price of $38.08. The stock is still trading within range of its average target price of $39.21, and over the last 52 weeks, it has recorded a 25.6% performance. Analysts have given the Large-Cap Oil & Gas Transportation and Processing stock target prices ranging from $35.0 to $43.0 dollars per share, with an average rating of buy.

The stock has an average amount of shares sold short at 2.1%, and a short ratio of 3.1. The company's insiders own 0.41% 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 87.9% of Williams's shares being owned by this investor type.

Institutions Invested in Williams

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 11% 128,048,433 $4,876,084,563
2023-12-31 Blackrock Inc. 9% 114,703,105 $4,367,894,448
2023-12-31 State Street Corporation 6% 79,064,357 $3,010,770,859
2023-12-31 Bank of America Corporation 5% 56,658,351 $2,157,550,109
2023-12-31 Dodge & Cox Inc 3% 37,924,018 $1,444,146,674
2023-12-31 Price (T.Rowe) Associates Inc 3% 33,900,384 $1,290,926,684
2023-12-31 Geode Capital Management, LLC 2% 28,260,236 $1,076,149,838
2023-12-31 JP Morgan Chase & Company 2% 26,393,194 $1,005,052,875
2023-12-31 ClearBridge Investments, LLC 2% 19,808,099 $754,292,446
2023-12-31 Royal Bank of Canada 2% 19,111,878 $727,780,349

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Williams.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.