TULSA, Okla.—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 $67.7 billion energy infrastructure company has demonstrated strong performance with a 68.7% return over the past year, while maintaining its impressive 52-year streak of consecutive dividend payments. According to InvestingPro analysis, the stock is currently trading above its Fair Value. The transaction, which took place on February 3, 2025, was executed at a price of $54.92 per share, totaling $109,840. Following this sale, Lane holds 296,200 shares directly in the company. The sale was conducted under a pre-arranged 10b5-1 trading plan established on June 14, 2024, as noted in the filing. For deeper insights into Williams Companies’ valuation metrics and 12 additional ProTips, including dividend growth analysis and financial health indicators, visit InvestingPro.
In other recent news, The Williams Companies, Inc. issued $1.5 billion in senior notes as part of its capital structure management strategy. The notes, comprising two sets with different maturity dates, are senior unsecured obligations and rank equally with all other senior indebtedness of the company. In other developments, RBC Capital Markets included Williams Companies in its "Best Ideas" for the U.S. Midstream sector, raising the price target to $62 and maintaining an "Outperform" rating. Truist Securities also increased its price target for Williams Companies to $56, citing the company’s growth projects and acquisitions as counterbalancing factors to the soft natural gas prices. The company’s stock was also upgraded from Hold to Buy by CFRA, with a significant price target boost to $62. This upgrade was based on a more favorable regulatory environment for the energy company following the recent election. Williams Companies’ third-quarter earnings per share stood at $0.43, surpassing the consensus by $0.02, and its 2024 EBITDA guidance was revised upwards. Williams Companies’ stock was among those affected by a dip in natural gas stocks due to milder December weather forecasts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.