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

Williams Companies (NYSE:WMB) announced its quarterly earnings results on Wednesday. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01, Briefing.com reports. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. 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 Stock Up 0.3 %

WMB traded up $0.15 during trading hours on Thursday, reaching $55.48. 2,696,225 shares of the stock traded hands, compared to its average volume of 6,236,849. Williams Companies has a fifty-two week low of $32.65 and a fifty-two week high of $55.79. The company has a market cap of $67.62 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 5.84 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The firm’s fifty day simple moving average is $48.40 and its two-hundred day simple moving average is $44.14.

Williams Companies Announces Dividend

The business also recently declared 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 of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 81.55%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Scotiabank raised their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. UBS Group boosted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Citigroup lifted their price objective on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus price target 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.