Williams Companies (NYSE:WMB) Updates 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.

Analysts Set New Price Targets

Several research firms have commented on WMB. Scotiabank increased their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Barclays increased their price target 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. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Mizuho lifted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Citigroup increased their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. 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 company’s stock. According to MarketBeat, Williams Companies has an average rating of “Hold” and a consensus target price of $50.38.

Williams Companies Price Performance

Shares of WMB stock traded up $0.87 during trading hours on Friday, reaching $56.31. The stock had a trading volume of 7,120,229 shares, compared to its average volume of 6,255,060. The stock’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $44.34. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. 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. Williams Companies has a 12 month low of $32.65 and a 12 month high of $56.80.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company 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 15.90% and a net margin of 27.36%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. On average, equities research analysts predict that Williams Companies will post 1.91 EPS for the current year.

Williams Companies Announces Dividend

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 paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s 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 in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently 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.