Jefferies Cuts The Williams Companies (WMB) Price Target to $83

Jefferies has reaffirmed its Buy rating for The Williams Companies, lowering the price target to $83.00, a 18.73% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 2:03 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Jefferies cut its price target on The Williams Companies, Inc. ($WMB) to $83 from $85 on October 14, 2026, and rates the stock "Buy".

Since the rating, $WMB is down 2.1% to date (from the $72.80 close on Oct 14, 2026).

WMB The Williams Companies, Inc.

$71.28 +19.72% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Jefferies reiterated its Buy rating on The Williams Companies, adjusting the price target from $85.00 to $83.00.
Jefferies's $83 price target implies 18.73% upside from The Williams Companies, Inc.'s ($WMB) current $69.91 share price.
As of October 16, 2026, shares of WMB were recently trading at $69.91, about 15.8% below the new target.
The company is set to announce its next earnings on November 2, 2026, following a year-over-year revenue growth of 7.8%.

Get $WMB trade alerts by text

We text you when insiders, Congress or big funds trade $WMB. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated The Williams Companies, Inc. alert may contain errors. Disclosures

Jefferies has reiterated its Buy rating for The Williams Companies, Inc. (NYSE: WMB) on October 14, 2026. The firm adjusted its price target down to $83.00 from $85.00. This rating signals Jefferies' continued confidence in the company despite the target reduction.

Analyst rating track record

Jefferies vs. the S&P 500

YTD return -5.32% hypothetical

All-time return -5.32% S&P 500 +1.48%

vs. S&P 500 -6.80% behind the index

Hypothetical returns from Jefferies's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in The Williams Companies

Blackrock Inc. holds 115,500,312 shares of WMB, worth about $8.23 billion, having increased its position by 3,624,768 shares. Vanguard Capital Management LLC has 79,848,153 shares valued at $5.69 billion, adding 492,008 shares. State Street Corporation owns 72,015,506 shares, worth approximately $5.13 billion, but reduced its holdings by 970,717 shares. Bank of America Corporation has 44,667,824 shares valued at $3.18 billion, with a slight increase of 204,531 shares. Vanguard Portfolio Management LLC holds 43,513,739 shares, worth about $3.10 billion, also increasing its stake by 246,623 shares.

The Williams Companies, Inc. Stock Down 3.0%

The Williams Companies closed without a recent event price, but shares were recently trading around $69.91, which is below the new target of $83.00. This price positions the stock about 15.8% below the target set by Jefferies, indicating potential upside.

12-month forecast

$WMB price target

The Williams Companies, Inc. daily closes and this analyst's $83 target. Not advice.

Recent Earnings

For the trailing twelve months, The Williams Companies reported revenue of approximately $12.32 billion and an earnings per share (EPS) of $2.51. The company has a net margin of 24.9% and a return on equity (ROE) of 21.5%. The next earnings report is scheduled for November 2, 2026.

Insider Buying and Selling at The Williams Companies, Inc.

Terrance Lane Wilson, the General Counsel, sold 2,000 shares on September 1, 2026, at an average price of $75.56, totaling $151,120. Earlier, he sold 13,000 shares on August 14, 2026, with a total value of approximately $973,317. He also sold 2,000 shares at $70.65 on August 3, 2026, for $141,300, and another 2,000 shares at $74.16 on July 1, 2026, worth $148,320. These transactions were all made before the recent analyst rating.

Analysts Set New Price Targets

On October 14, 2026, Jefferies maintained a Buy rating on WMB with a target price of $83.00, down from $85.00. Other analysts have also maintained their ratings recently, with RBC Capital at $87.00, Truist Securities at $88.00, and Morgan Stanley at $103.00.

About The Williams Companies

The Williams Companies, Inc. is an energy infrastructure company that operates mainly in the United States. It focuses on the transportation and processing of natural gas and other energy products through its various segments. The recent adjustments by analysts suggest a careful watch on the market's response to energy demand and infrastructure needs.

Bottom Line

Investors should keep an eye on the upcoming earnings report on November 2, 2026, as well as any further analyst updates. Jefferies' rating and target adjustment reflect the firm's ongoing assessment of The Williams Companies' position in the energy sector.