Williams Companies (NYSE:WMB) Issues Earnings Results

Williams Companies (NYSE:WMB) posted its quarterly earnings data on Monday. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05, Briefing.com reports. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. Williams Companies updated its FY 2024 guidance to 1.650-1.860 EPS and its FY 2025 guidance to 1.850-2.100 EPS.

Williams Companies Stock Up 3.9 %

Williams Companies stock opened at $42.83 on Wednesday. The stock has a market cap of $52.20 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 6.62 and a beta of 1.05. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $42.24 and its two-hundred day moving average price is $39.07. Williams Companies has a 52 week low of $32.49 and a 52 week high of $45.10.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.44%. Williams Companies’s payout ratio is 79.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Scotiabank increased their target price on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday. Wolfe Research reissued an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. Finally, Truist Financial increased their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.08.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.44% of the stock is owned by corporate insiders.

About Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.