Wilson Terrance Lane, Senior Vice President and General Counsel at Williams Companies Inc. (NYSE:WMB), recently sold 2,000 shares of the company's common stock. The transaction, executed on January 2, 2025, was conducted at a price of $54.50 per share, amounting to a total sale of $109,000. The sale comes as WMB trades near its 52-week high of $60.36, with the stock showing remarkable strength through a 60.8% return over the past year. This sale was carried out under a 10b5-1 Sales 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 stands at $69 billion, reflecting strong momentum with a 33.1% price return over the past six months.
In other recent news, Williams Companies and Energy Transfer (NYSE:ET) have been garnering attention with significant updates. RBC Capital Markets recently highlighted Williams Companies, with an upgraded price target to $62, while Truist Securities also adjusted its outlook for Williams Companies, raising the price target to $56.00. These adjustments reflect the company's robust growth, as evidenced by its record adjusted EBITDA reported in its third quarter 2024 earnings call.
Energy Transfer, on the other hand, was favored by RBC Capital and Citi, 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 projects a potential 13% return for Energy Transfer through 2029, based on an expected 5.5% compound annual growth rate in earnings per unit and a distribution yield of about 7.5%.
CFRA upgraded Williams Companies from Hold to Buy, setting a new price target at $62.00, reflecting a bullish outlook due to a more favorable regulatory environment. The firm's earnings per share for the third quarter stood at $0.43, surpassing the consensus by $0.02, while third-quarter revenues reached $1.7 billion, up from the previous year.
In the realm of natural gas, stocks have experienced a decline following a milder-than-average weather forecast for December. However, Williams Companies demonstrated resilience with a 22.9% return on invested capital from 2018 to 2023. These are the recent developments investors should be aware of.
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