Williams Companies (NYSE:WMB) Announces Quarterly Earnings Results

Williams Companies (NYSE:WMB) released its earnings results on Monday. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.46 billion. During the same period last year, the firm earned $0.42 EPS. The business’s quarterly 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 0.4 %

WMB traded up $0.17 during trading on Wednesday, hitting $43.00. 9,312,095 shares of the company’s stock were exchanged, compared to its average volume of 6,639,231. Williams Companies has a fifty-two week low of $32.49 and a fifty-two week high of $45.10. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The stock has a market cap of $52.41 billion, a P/E ratio of 18.07, a PEG ratio of 6.62 and a beta of 1.05. The business’s 50 day moving average is $42.24 and its two-hundred day moving average is $39.07.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.42%. Williams Companies’s payout ratio is 79.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WMB shares. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays boosted their target price on shares of Williams Companies from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, July 12th. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Truist Financial boosted 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. Finally, CIBC boosted their target price on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.08.

Insider Transactions at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

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.