Williams Companies (NYSE:WMB) Updates FY 2024 Earnings Guidance

Williams Companies (NYSE:WMB) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.830-1.930 for the period, compared to the consensus earnings per share 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 equities research analysts have recently issued reports on the stock. Scotiabank increased their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Citigroup increased their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Mizuho increased their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.38.

Williams Companies Trading Up 1.6 %

Shares of NYSE WMB traded up $0.87 during trading on Friday, hitting $56.31. 7,120,229 shares of the company were exchanged, compared to its average volume of 6,255,060. The company has a fifty day moving average price of $48.81 and a 200-day moving average price of $44.34. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The firm has a market capitalization of $68.63 billion, a PE ratio of 23.76, a P/E/G 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 posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. As a group, equities research analysts expect that Williams Companies will post 1.91 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

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.