Williams Companies (NYSE:WMB) Releases FY 2024 Earnings Guidance

Williams Companies (NYSE:WMB) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.830-1.930 for the period, compared to the consensus earnings per share estimate of 1.820. The company issued revenue guidance of -. Williams Companies also updated its FY 2025 guidance to 1.850-2.100 EPS.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. UBS Group upped their price target on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Scotiabank upped their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, CIBC upped their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.38.

Williams Companies Stock Up 1.6 %

Shares of NYSE:WMB traded up $0.87 on Friday, reaching $56.31. The company had a trading volume of 7,120,229 shares, compared to its average volume of 6,255,060. The firm has a market capitalization of $68.63 billion, a PE ratio of 23.76, a PEG ratio of 6.19 and a beta of 1.03. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. Williams Companies has a 52-week low of $32.65 and a 52-week high of $56.80. The firm’s 50 day simple moving average is $48.81 and its 200-day simple moving average is $44.34.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, analysts expect that Williams Companies will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Company Profile

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.