Williams Companies, Inc. (The) (WMB) Stock Analysis
Breakout setup
Energy · Oil & Gas Midstream
Sell if holding. At $75.62, A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top-10 G&P customers (55.0%); Concentration risk — Customer: NWP top-3 customers (52.0%).
Williams is a natural gas infrastructure company operating over 32,000 miles of pipelines in 24 states, providing gathering, processing, transmission, storage, and marketing services to approximately 800 customers. Revenue is primarily fee-based (~93% of NGL volumes); major... Read more
Sell if holding. At $75.62, A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top-10 G&P customers (55.0%); Concentration risk — Customer: NWP top-3 customers (52.0%). Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Score 5.5/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 4d<=7d. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop-10 G&P 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.'
- 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.'
- MEDIUMSuppliersingle or limited number of suppliers10-K Item 1A: 'Some of Williams', Transco's, and NWP's businesses are exposed to supplier concentration risks arising from dependence on a single or a limited number of suppliers.'
Material Events(8-K, last 90d)
- 2026-03-26Item 5.02LOWExecutive Board Chair Alan S. Armstrong resigned from Board effective March 23, 2026 to serve as U.S. Senator for Oklahoma (appointed by Gov. Stitt). Stephen W. Bergstrom elected as Chairman; board size decreases from 12 to 11.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $75.62, A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: top-10 G&P customers (55.0%); Concentration risk — Customer: NWP top-3 customers (52.0%). Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Prior stop was $72.41. Score 5.5/10, moderate confidence.
Take-profit target: $74.37 (-1.6% upside). Prior stop was $72.41. Stop-loss: $72.41.
Concentration risk — Customer: top-10 G&P customers (55.0%); Concentration risk — Customer: NWP top-3 customers (52.0%); Analyst target reached - limited upside remaining.
Williams Companies, Inc. (The) trades at a P/E of 34.3 (forward 28.2). TrendMatrix value score: 3.8/10. Verdict: Sell.
30 analysts cover WMB with a consensus score of 3.9/5. Average price target: $80.
What does Williams Companies, Inc. (The) do?Williams is a natural gas infrastructure company operating over 32,000 miles of pipelines in 24 states, providing...
Williams is a natural gas infrastructure company operating over 32,000 miles of pipelines in 24 states, providing gathering, processing, transmission, storage, and marketing services to approximately 800 customers. Revenue is primarily fee-based (~93% of NGL volumes); major subsidiaries Transco (9,600-mile system) and NWP (3,900-mile system) are regulated by FERC.