Williams Companies (NYSE:WMB) Releases Earnings Results, Beats Estimates By $0.05 EPS

Williams Companies (NYSE:WMB) released its quarterly earnings data on Monday. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05, Briefing.com reports. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. Williams Companies’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 3.3 %

NYSE:WMB traded up $1.41 on Wednesday, hitting $44.24. 2,559,391 shares of the company’s stock traded hands, compared to its average volume of 6,592,740. The firm has a 50-day moving average price of $42.24 and a 200-day moving average price of $39.07. 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 has a market cap of $53.92 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 6.62 and a beta of 1.05. Williams Companies has a 1 year low of $32.49 and a 1 year high of $45.10.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

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 transaction, the senior vice president now directly owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMB. US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Royal Bank of Canada lifted their price objective on Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays lifted their price target 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. Finally, Wolfe Research restated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.08.

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.