Williams Companies, Inc. (The) (WMB) Stock Analysis
Energy · Oil & Gas Midstream
Sell if holding. At $71.63, A.R:R 0.8:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top 10 gathering and processing customers (55.0%); Concentration risk — Customer: NWP top 3 customers (52.0%).
Williams Companies owns and operates natural gas gathering, processing, transmission, and storage infrastructure serving ~800 customers across 24 U.S. states, including Transco (~9,600-mile FERC-regulated interstate pipeline) and NWP (~3,900-mile system). Revenue is primarily... Read more
Sell if holding. At $71.63, A.R:R 0.8:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top 10 gathering and processing customers (55.0%); Concentration risk — Customer: NWP top 3 customers (52.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.3/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 49d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-06-15Recent Developments — Williams Companies, Inc. (The)
Latest news
- NEWS CIBC Maintains Outperformer on Williams Companies, Raises Price Target to $85 — benzinga May 26, 2026 positive
- NEWS If You Invested $100 In Williams Companies Stock 5 Years Ago, You Would Have This Much Today — benzinga May 25, 2026
- NEWS Morgan Stanley Maintains Overweight on Williams Companies, Raises Price Target to $98 — benzinga May 20, 2026 positive
- NEWS UBS Maintains Buy on Williams Companies, Raises Price Target to $91 — benzinga May 12, 2026 positive
- NEWS Scotiabank Maintains Sector Outperform on Williams Companies, Raises Price Target to $86 — benzinga May 12, 2026 positive
Generated 2026-06-15T18:11:47Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop 10 gathering and processing customers55%10-K Item 1: 'The top ten customers accounted for approximately 55 percent of gathering and processing fee revenues and NGL margins from noncash commodity-based agreements.'
- MEDIUMCustomertop 10 interstate pipeline customers44%10-K Item 1: 'The top ten customers of the interstate natural gas pipelines in 2025 accounted for approximately 44 percent of Williams’ regulated interstate natural gas transportation and storage revenues.'
- HIGHCustomerNWP top 3 customers52%10-K Item 1: 'NWP’s three largest customers in 2025 accounted for approximately 52 percent of NWP total operating revenues.'
- LOWCustomerTransco top 3 customers22%10-K Item 1: 'Transco’s three largest customers in 2025 accounted for approximately 22 percent of Transco’s total operating revenues.'
Material Events(8-K, last 90d)
- 2026-03-26Item 5.02MEDIUMExecutive Board Chair Alan S. Armstrong resigned from the Board on March 23, 2026 to accept appointment as U.S. Senator for Oklahoma. Stephen W. Bergstrom elected Chairman; Board size reduced from 12 to 11 directors.SEC filing →
- 2026-05-04Item 5.02LOWAt the 2026 Annual Meeting (April 28, 2026), stockholders approved the Amendment and Restatement of the Williams Companies 2007 Incentive Plan, increasing issuable shares from 50M to 85M and making other governance updates.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $71.63, A.R:R 0.8:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top 10 gathering and processing customers (55.0%); Concentration risk — Customer: NWP top 3 customers (52.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $68.39. Score 5.3/10, moderate confidence.
Take-profit target: $74.61 (+4.2% upside). Prior stop was $68.39. Stop-loss: $68.39.
Concentration risk — Customer: top 10 gathering and processing customers (55.0%); Concentration risk — Customer: NWP top 3 customers (52.0%); Thin upside margin: 4.2%.
Williams Companies, Inc. (The) trades at a P/E of 31.6 (forward 28.1). TrendMatrix value score: 4.2/10. Verdict: Sell.
29 analysts cover WMB with a consensus score of 4.0/5. Average price target: $83.
What does Williams Companies, Inc. (The) do?Williams Companies owns and operates natural gas gathering, processing, transmission, and storage infrastructure...
Williams Companies owns and operates natural gas gathering, processing, transmission, and storage infrastructure serving ~800 customers across 24 U.S. states, including Transco (~9,600-mile FERC-regulated interstate pipeline) and NWP (~3,900-mile system). Revenue is primarily fee-based from gathering, transmission, and storage services plus NGL marketing. The company also holds interests in LNG export and power generation projects.