WMB FY2024 EPS Forecast Reduced by US Capital Advisors

The Williams Companies, Inc. (NYSE:WMB) – Analysts at US Capital Advisors cut their FY2024 earnings per share estimates for Williams Companies in a research note issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $1.92 per share for the year, down from their prior estimate of $1.93. The consensus estimate for Williams Companies’ current full-year earnings is $1.91 per share. US Capital Advisors also issued estimates for Williams Companies’ Q4 2024 earnings at $0.48 EPS and Q3 2025 earnings at $0.50 EPS.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share.

A number of other research analysts also recently commented on the company. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective on the stock. Royal Bank of Canada upped their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Scotiabank reiterated a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Finally, UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Williams Companies Trading Up 2.1 %

Shares of WMB opened at $56.86 on Thursday. The company has a market capitalization of $69.32 billion, a P/E ratio of 23.99, a P/E/G ratio of 5.01 and a beta of 1.05. Williams Companies has a one year low of $32.65 and a one year high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a 50-day moving average price of $56.03 and a 200 day moving average price of $51.03.

Institutional Investors Weigh In On Williams Companies

Large investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft raised its holdings in shares of Williams Companies by 3.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after acquiring an additional 180 shares in the last quarter. Albion Financial Group UT raised its holdings in shares of Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after acquiring an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC raised its holdings in shares of Williams Companies by 3.8% during the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after acquiring an additional 185 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Williams Companies by 24.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 195 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Williams Companies by 2.6% during the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after acquiring an additional 197 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

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.