Latest news with #WilliamsCompanies
CNBC
29-05-2025
- Business
- CNBC
This energy stock could see a 'big base breakout' to the upside, according to the charts
While energy has become a chronic underperformer in 2025, there are several infrastructure plays within the sector that are demonstrating much more constructive technical configurations as we near the end of May. Today we'll examine how Williams Companies (WMB) may be preparing for a "big base breakout" pattern with significant upside potential. The daily chart of WMB shows how the stock was in a clear accumulation phase for most of 2024, rising from a February 2024 low around $35 to reach just over $60 by November. From that point on, the chart settled into a consolidation phase with support around $52 and resistance in the $60-$62 area. With the price in a clear equilibrium for the past six months, we've been waiting patiently for a big base breakout pattern. After trending sideways for an extended period, the price finally exits the range and makes new high above the well-established resistance level. We can use the height of the basing pattern to project a minimum upside objective post-breakout. Based on the recent setup, that would imply a bullish target of around $72 if and only if WMB can power to a new all-time high above $62. What gives us confidence that the big base breakout pattern will be completed? Volume indicators suggest that even though the price has been in a consolidation phase, there has been more bullish than bearish volume in 2025. The bottom indicator, Chaikin Money Flow, weights the daily volume readings based on where the stock closes every day within its daily range. If a stock closes near the highs of the day, then that day's volume is considered mostly bullish volume. A close near the lows would imply that most of the day's volume was more selling pressure. The Chaikin Money Flow has been above the zero line since December 2024, suggesting that even though the price has been in a sideways trend, there has been more buying power demonstrated versus selling pressure. If we can confirm a breakout above price resistance with improving Money Flow readings, that would confirm that the bulls are firmly in control. Finally, let's dig into some relative strength measures that show Williams has performed relative to other areas of the equity markets. First, we can see that WMB has outperformed the S & P 500 over the past 12 months, with the relative line again turning higher in recent weeks. Next, we're showing the relative performance of the energy stocks as a whole to confirm that this sector has indeed been one of the worst relative performers in 2025. In fact, the sector is close to making a new 12-month relative low this week. In the next two panels, we can see that WMB has been outperforming other pipeline companies in 2025, and that pipelines have been a strong relative performer over other energy stocks during the last year. Overall, we can confirm that the strength in Williams is not only a thematic play on energy infrastructure but also represents an individual stock that has differentiated itself within the industry. I was taught that the best approach is to find winning stocks in leading industries and then follow those uptrends as long as possible. Given a potential upside breakout for WMB, investors may be rewarded for following the latest signs of a strong uptrend phase. -David Keller, CMT DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Yahoo
28-05-2025
- Business
- Yahoo
RBC Keeps Outperform Rating on Williams Companies (WMB) Stock
On Tuesday, May 27, RBC Capital Markets maintained an 'Outperform rating' on The Williams Companies, Inc. (NYSE:WMB) with a price target of $63. This decision came after insights from the EIC Conference. RBC analysts are more confident in the company as it is expected to announce new projects that lead to improved financial estimates. Aerial view of a power plant near a lake lit up at night, showing off the company's expansive electricity generation capabilities. The Williams Companies, Inc. (NYSE:WMB) expects to see steady progress, even as Chad Zamarin becomes the new CEO. One key project is the development of Socrates, which is a fully integrated infrastructure project that will serve as the power solution for a connected data center. The Williams Companies, Inc. (NYSE:WMB) has signed a 10-year contract for Socrates, which includes a provision for commercial reassessment at the end of the term. The company believes that if the equipment from Socrates is used as backup power after the 10-year contract, the price will be set based on the cost of replacement. According to The Williams Companies, Inc. (NYSE:WMB), this will bring a good deal. The Socrates project is also seen as a strong venture, boasting a five times build multiple under the contract terms. RBC's reiterated positive outlook reflects the belief that these new projects and strategic developments will help The Williams Companies, Inc. (NYSE:WMB) grow and improve its financial performance. The Williams Companies, Inc. (NYSE:WMB) is an American energy company that specializes in natural gas processing and transportation. The company also has petroleum and electricity generation assets and invests in new energy technologies. While we acknowledge the potential of WMB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMB and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Williams Companies (NYSE:WMB) Reports US$3,048 Million Revenue And Executive Leadership Changes
Williams Companies has experienced significant leadership changes with Chad J. Zamarin ascending to the role of President and CEO, effective July 2025, alongside reporting a strong first-quarter performance with an increase in revenue and net income. The company's stock rose by approximately 10% over the past month. This positive movement coincided with its announcement of a 5.3% dividend increase and occurs against the backdrop of generally optimistic market conditions, where indices like the S&P 500 saw gains, reflecting broader earnings growth expectations. The leadership transition and robust earnings likely supported Williams Companies' share price rise amidst these favorable market trends. You should learn about the 4 possible red flags we've spotted with Williams Companies (including 2 which are a bit unpleasant). NYSE:WMB Earnings Per Share Growth as at May 2025 The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The leadership changes at Williams Companies, with Chad J. Zamarin taking over as President and CEO, may influence the company's strategic direction, particularly in expanding its natural gas infrastructure. This transition, coupled with robust earnings results, positions the company well for future growth. Over the past five years, Williams Companies' total return, including share price and dividends, was extremely large (307.02%). This contrasts with its 1-year outperformance relative to the US market, which returned 8.2%, and the US Oil and Gas industry, which experienced a 10.5% decline. Such longer-term performance underscores the company's capability in navigating market complexities successfully. The company's announcement of a dividend hike coinciding with favorable earnings reports may underpin revenue and earnings forecasts. The anticipated completion of eight interstate transmission projects and four deepwater projects by 2025 is expected to bolster earnings and revenue streams. Analysts forecast revenue growth of 9.5% annually over the next three years, aligning with the company's expansion initiatives. Currently, Williams Companies' share price of US$59.67 remains close to the consensus price target of US$59.69, suggesting that analysts view the stock as fairly valued. Investors should consider these factors against the backdrop of potential regulatory and market challenges that may impact future profitability. Gain insights into Williams Companies' future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
05-05-2025
- Business
- Yahoo
Williams CEO Alan Armstrong to step down after 14 years at the helm
(Reuters) -Williams Companies said on Monday CEO Alan Armstrong will step down after more than 14 years at the helm of the U.S. pipeline operator. Armstrong, who joined Williams nearly 40 years ago, would be succeeded by insider Chad Zamarin, effective July 1. Zamarin, who joined the company in 2017, is currently the executive vice president of corporate strategic development. Williams on Monday also beat quarterly earnings estimates and raised its annual profit forecast, as it banked on rising demand for natural gas, driven by a surge in electricity consumption by homes, businesses, crypto-mining, and an artificial intelligence-led boom in data centers. "Williams is well positioned to benefit from the coming wave of natural gas demand from the power generation market and LNG exports, while continuing to deliver on traditional market needs," Armstrong said. The firm raised its 2025 adjusted core profit to be between $7.5 billion and $7.9 billion compared to its prior outlook range of $7.45 billion to $7.85 billion. Its first-quarter results were boosted by higher service revenues from expansion projects and acquisitions. In January, the U.S. energy regulator reinstated the certificate for Williams' Transcontinental gas pipeline, allowing it to go ahead with expansion of the project, after a U.S. court voided the initial approval in 2023. Total revenue rose nearly 10% to $3.05 billion during the quarter ended March 31, while service revenues climbed to $2 billion from $1.91 billion a year ago. At Transco, average daily transportation volumes rose to 15.9 million dekatherms (MMdth) of natural gas per day in the first quarter from 14.6 MMdth per day of natural gas a year ago. The company posted an adjusted profit of 60 cents per share for the quarter ended March 31, compared with average analysts' estimate of 56 cents per share, according to data compiled by LSEG. Sign in to access your portfolio
Reuters
05-05-2025
- Business
- Reuters
Williams CEO Alan Armstrong to step down after 14 years at the helm
May 5 (Reuters) - Williams Companies (WMB.N), opens new tab said on Monday CEO Alan Armstrong will step down after more than 14 years at the helm of the U.S. pipeline operator. Armstrong, who joined Williams nearly 40 years ago, would be succeeded by insider Chad Zamarin, effective July 1. Zamarin, who joined the company in 2017, is currently the executive vice president of corporate strategic development. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. Williams on Monday also beat quarterly earnings estimates and raised its annual profit forecast, as it banked on rising demand for natural gas, driven by a surge in electricity consumption by homes, businesses, crypto-mining, and an artificial intelligence-led boom in data centers. "Williams is well positioned to benefit from the coming wave of natural gas demand from the power generation market and LNG exports, while continuing to deliver on traditional market needs," Armstrong said. The firm raised its 2025 adjusted core profit to be between $7.5 billion and $7.9 billion compared to its prior outlook range of $7.45 billion to $7.85 billion. Its first-quarter results were boosted by higher service revenues from expansion projects and acquisitions. In January, the U.S. energy regulator reinstated the certificate for Williams' Transcontinental gas pipeline, allowing it to go ahead with expansion of the project, after a U.S. court voided the initial approval in 2023. Total revenue rose nearly 10% to $3.05 billion during the quarter ended March 31, while service revenues climbed to $2 billion from $1.91 billion a year ago. At Transco, average daily transportation volumes rose to 15.9 million dekatherms (MMdth) of natural gas per day in the first quarter from 14.6 MMdth per day of natural gas a year ago. The company posted an adjusted profit of 60 cents per share for the quarter ended March 31, compared with average analysts' estimate of 56 cents per share, according to data compiled by LSEG.
