Williams Companies Slides as Investors Weigh Reported Momentum Midstream Deal

The Williams Companies (WMB) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to investor caution after weekend reports that Williams is in advanced talks to buy Momentum Midstream for about $5.5 billion. This could be because a deal of that size would likely raise concerns about purchase price, financing needs, and leverage, even if the assets strengthen Williams’ natural-gas network.

Details:

Reports published June 28 said Williams is in advanced talks to acquire Momentum Midstream in what would be one of the company’s largest transactions.

Momentum’s network is centered on the Haynesville and Gulf Coast gas corridor, with pipeline assets that connect supply to LNG, industrial, and power demand markets.

Williams said in its first-quarter 2026 update that it still expects adjusted EBITDA of $8.05 billion to $8.35 billion this year and a leverage ratio midpoint of about 4.1x, so investors may be reassessing balance-sheet room for another major acquisition.

A May credit-agreement filing included provisions tied to financing a specified acquisition, which may be adding to market focus on how any transaction would be funded.

Sources:

Bloomberg Law, Williams, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WMB Insider Trading Activity

$WMB insiders have traded $WMB stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $WMB stock by insiders over the last 6 months:

JOHN DEAN PORTER (EVP & CFO) sold 50,000 shares for an estimated $3,768,280
TERRANCE LANE WILSON (SVP & General Counsel) has made 0 purchases and 6 sales selling 37,000 shares for an estimated $2,690,900.
LARRY C LARSEN (Executive Vice President & COO) sold 12,000 shares for an estimated $917,820
MARY A. HAUSMAN (VP Chief Accounting Officer) sold 10,107 shares for an estimated $757,115
TODD J. RINKE (Senior Vice President) sold 7,364 shares for an estimated $547,807
PAYVAND FAZEL (Senior Vice President) sold 2,898 shares for an estimated $211,988
GLEN G. JASEK (Senior Vice President) has made 0 purchases and 2 sales selling 2,500 shares for an estimated $195,383.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$WMB Hedge Fund Activity

We have seen 896 institutional investors add shares of $WMB stock to their portfolio, and 812 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WELLINGTON MANAGEMENT GROUP LLP removed 14,032,435 shares (-37.8%) from their portfolio in Q1 2026, for an estimated $1,021,280,619
STATE STREET CORP added 5,007,302 shares (+7.4%) to their portfolio in Q1 2026, for an estimated $364,431,439
BLACKROCK, INC. added 4,038,218 shares (+3.7%) to their portfolio in Q1 2026, for an estimated $293,901,506
QUBE RESEARCH & TECHNOLOGIES LTD added 3,845,078 shares (+inf%) to their portfolio in Q1 2026, for an estimated $279,844,776
VICTORY CAPITAL MANAGEMENT INC added 3,323,012 shares (+295.7%) to their portfolio in Q4 2025, for an estimated $199,746,251
SG AMERICAS SECURITIES, LLC removed 3,050,890 shares (-82.4%) from their portfolio in Q1 2026, for an estimated $222,043,774
AMERIPRISE FINANCIAL INC removed 2,428,797 shares (-28.9%) from their portfolio in Q1 2026, for an estimated $176,767,845

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WMB Congressional Stock Trading

Members of Congress have traded $WMB stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $WMB stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 02/10 and 1 sale worth up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$WMB Analyst Ratings

Wall Street analysts have issued reports on $WMB in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 05/07/2026
Stifel issued a "Buy" rating on 02/13/2026

To track analyst ratings and price targets for $WMB, check out Quiver Quantitative's $WMB forecast page.

$WMB Price Targets

Multiple analysts have issued price targets for $WMB recently. We have seen 12 analysts offer price targets for $WMB in the last 6 months, with a median target of $84.5.

Here are some recent targets:

Robert Catellier from CIBC set a target price of $85.0 on 05/26/2026
Robert Kad from Morgan Stanley set a target price of $98.0 on 05/20/2026
Brandon Bingham from Scotiabank set a target price of $86.0 on 05/12/2026
Manav Gupta from UBS set a target price of $91.0 on 05/12/2026
Spiro Dounis from Citigroup set a target price of $83.0 on 05/08/2026
Elvira Scotto from RBC Capital set a target price of $83.0 on 05/07/2026
Jason Gabelman from TD Cowen set a target price of $87.0 on 05/07/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.