Williams Companies (NYSE:WMB) Announces Quarterly Earnings Results

Williams Companies (NYSE:WMB) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01, Briefing.com reports. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business posted $0.45 EPS. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. 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 0.1 %

Shares of Williams Companies stock traded up $0.05 during mid-day trading on Thursday, hitting $55.38. The stock had a trading volume of 2,807,073 shares, compared to its average volume of 6,237,354. The firm has a 50-day moving average of $48.40 and a two-hundred day moving average of $44.14. Williams Companies has a 12-month low of $32.65 and a 12-month high of $55.79. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The firm has a market cap of $67.49 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 5.84 and a beta of 1.03.

Williams Companies Announces Dividend

The company also recently disclosed 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 3.43%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is currently 81.55%.

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Barclays upped their target price on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Truist Financial upped their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.38.

Insider Activity

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