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

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

Williams Companies Trading Up 4.3 %

Shares of NYSE:WMB traded up $2.28 during midday trading on Wednesday, hitting $55.33. 8,173,897 shares of the stock were exchanged, compared to its average volume of 6,253,613. The business’s 50-day moving average price is $48.40 and its 200 day moving average price is $44.14. Williams Companies has a 12 month low of $32.65 and a 12 month high of $55.79. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The stock has a market capitalization of $67.43 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 5.84 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Analysts predict that Williams Companies will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.43%. Williams Companies’s dividend payout ratio is 81.55%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. CIBC increased their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.38.

Insider Activity at Williams Companies

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