The Williams Companies, Inc. (WMB)
Energy · Oil & Gas Midstream · Data as of 2026-10-22
Bottom line
WMB is trading at a premium to its history, near its historical resistance zone, and recent volume suggests money flowing in. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Expensive against its own asset value (Red)
WMB is in a cyclical industry, where earnings swing with the economy, so we compare its price-to-book of 6.6× with its own typical level (3.5×). Its current multiple sits around the 59th percentile of its own last five years — around the middle of its own range.
Quality check: debt-to-equity of 2.3× runs well above the 0.4× median of the peers we track — leverage cuts both ways across a cycle.
Price zones — Near its historical resistance zone (Red)
At $70.63, the stock is close to the upper end of its recent range. Over the past year WMB has traded between $56.19 and $80.08; its historical support zone sits near $56.19 and resistance near $72.03. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $56.19–$80.08 · 50-day average $72.20 · 200-day average $72.03
Money flow — Money is flowing in (Green)
Recent trading in WMB shows more volume on rising days than falling days, a pattern often described as accumulation. Volume on up days has been about 1.0× volume on down days over the last 30 sessions.
Dividends & company facts
WMB paid $2.08 a share in dividends over the past year — 2.9% of today's price — and has raised it in each of the last five years.
- Dividend yield (12 months)
- 2.94%
- Paid over 12 months
- $2.08 a share
- Payout ratio
- 81.5%
- Shares, past year
- +0.2%
- Revenue, 12 months
- $12.2B
- Profit, 12 months
- $3.1B
- Employees
- 5,987
- CEO
- Chad J. Zamarin
- Headquarters
- Tulsa, OK
- Listed since
- 1981 · NYSE
About the company
The Williams Companies, Inc., alongside its subsidiaries, operates as a prominent energy infrastructure entity, primarily conducting business throughout the United States. The company’s operations are organized into four key segments: Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services. The Transmission & Gulf of Mexico division manages crucial natural gas pipelines such as Transco and Northwest, in addition to natural gas gathering and processing, and crude oil production handling and transportation assets situated in the Gulf Coast.
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一句话结论
WMB 相对自身历史处于溢价水平，接近其历史阻力区，近期成交量显示资金正在流入。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 相对自身资产价值偏高
WMB 所在的行业具有周期性，盈利会随经济起伏，因此我们把它 6.6× 的市净率与其自身惯常的水平（3.5×）作比较。它当前的估值倍数大约位于自身过去五年分布的第 59 百分位——处于自身区间的中部。
质量核对：2.3×的债务股本比明显高于我们追踪的同行 0.4×的中位数——在周期中，杠杆是双刃剑。
价格区间 — 接近其历史阻力区
目前价格为 $70.63，接近其近期区间的上沿。过去一年 WMB 的价格在 $56.19 到 $80.08 之间波动；其历史支撑区在 $56.19 附近，阻力区在 $72.03 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流入
WMB 近期上涨日的成交量高于下跌日，这种形态常被称为吸筹。过去 30 个交易日，上涨日的成交量约为下跌日的 1.0×。
股息与公司概况
WMB 过去一年每股派息 2.08 美元，相当于当前股价的 2.9%，过去五年每年都有上调。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.