Williams Companies (NYSE:WMB) Issues Earnings Results, Beats Expectations By $0.01 EPS

Williams Companies (NYSE:WMB) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01, Briefing.com reports. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. Williams Companies updated its FY 2025 guidance to 1.850-2.100 EPS and its FY 2024 guidance to 1.830-1.930 EPS.

Williams Companies Trading Up 0.5 %

NYSE:WMB traded up $0.26 during trading hours on Thursday, hitting $55.59. 2,453,321 shares of the company were exchanged, compared to its average volume of 6,236,104. The stock has a market capitalization of $67.75 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 5.84 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 one year low of $32.65 and a one year high of $55.79. The company has a fifty day simple moving average of $48.40 and a 200 day simple moving average of $44.14.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 81.55%.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMB has been the topic of a number of research analyst reports. Citigroup raised their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.38.

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.