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In a recent transaction, Wilson Terrance Lane, Senior Vice President and General Counsel at Williams Companies, Inc. (NYSE:WMB), sold 2,000 shares of the company’s common stock. The shares were sold at a price of $59.53 each, totaling $119,060. Following this sale, Lane retains ownership of 321,645 shares. The stock has shown remarkable strength, delivering a 60% return over the past year and currently trades near its 52-week high of $61.66. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
The transaction was executed as part of a pre-established 10b5-1 Sales Plan, which was set up with a broker on June 14, 2024. Such plans allow company insiders to sell a predetermined number of shares at a set time, which can help avoid potential conflicts of interest. InvestingPro data shows Williams Companies maintains a GOOD financial health score and has maintained dividend payments for 52 consecutive years, with a current yield of 3.3%. Discover 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Williams Companies has been the focus of several notable developments. S&P Global Ratings upgraded the company’s long-term issuer credit rating to ’BBB+’ from ’BBB’, citing strong credit metrics and continued growth through both organic means and acquisitions. This upgrade follows Williams’ fiscal-year 2024 adjusted EBITDA of approximately $7.0 billion, with projections for 2025 ranging between $7.6 billion and $7.7 billion. Additionally, Williams successfully commissioned two major pipeline expansion projects, the Southeast Energy Connector in Alabama and the Texas to Louisiana Energy Pathway, increasing the Transco pipeline system’s capacity by a combined 514 million cubic feet per day.
JPMorgan analyst Jeremy Tonet maintained an Overweight rating on Williams Companies, with a price target of $66.00, forecasting a $1,970 million adjusted EBITDA for the first quarter of 2025, surpassing both the Street’s median estimate and JPMorgan’s previous estimate. Meanwhile, Raymond (NSE:RYMD) James analyst Justin Jenkins reaffirmed an Outperform rating with a $62.00 price target, highlighting a $1.6 billion investment in natural gas and power infrastructure, supported by a 10-year power purchase agreement. This investment is linked to the Socrates Power Solution Facilities in Ohio, which are expected to generate 400 MW of electricity.
In leadership news, Williams announced the upcoming retirement of its COO, Micheal Dunn, in May 2025. Dunn has been credited with significant contributions to the company’s operational success and safety culture. As Williams continues to expand its infrastructure and capabilities, these developments underscore its ongoing efforts to meet the growing demand for natural gas and power infrastructure in the United States.
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