Williams Companies, Inc. (WMB)

Natural Gas Transmission

Latest Price

$74.35

TTM P/E

29.62

Normalized P/E

34.90

TTM Div Yield

2.76%

Fwd Div Yield

2.76%

Book Value

10.76

P/B Ratio

6.91

Valuation metrics

EPS: $2.14

Book value / share: $10.48

Formula: √(22.5 × EPS × BVPS)

Graham Number

$22.46

70% downside

Base FCF: $2.6B (median of recent 5yr)

Growth: 9%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$25.93

65% downside

EPS: $2.14

Target P/E: 35×

Formula: EPS × P/E

P/E Fair Value

$74.90

+1% upside

88.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	116.26M	$8.64B	9.51%	+3.85M	2026-06-30
Vanguard Capital Management LLC	79.85M	$5.93B	6.53%	+492.2K	2026-06-30
State Street Corp	72.02M	$5.35B	5.89%	-972.9K	2026-06-30
Bank of America Corp	44.67M	$3.32B	3.65%	+206.6K	2026-06-30
Vanguard Portfolio Management LLC	43.51M	$3.23B	3.56%	+244.7K	2026-06-30
Wellington Management Group LLP	33.10M	$2.46B	2.71%	+10.01M	2026-06-30
Morgan Stanley	31.81M	$2.37B	2.60%	-1.93M	2026-06-30
Geode Capital Management, LLC	29.91M	$2.21B	2.45%	+317.4K	2026-06-30
Clearbridge Investments, LLC	24.21M	$1.80B	1.98%	+973.2K	2026-06-30
JPMorgan Chase & Co	21.38M	$1.60B	1.75%	-1.56M	2026-06-30