Research Analysts Set Expectations for WMB FY2024 Earnings

The Williams Companies, Inc. (NYSE:WMB) – Equities research analysts at US Capital Advisors increased their FY2024 earnings per share (EPS) estimates for shares of Williams Companies in a research report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $1.93 per share for the year, up from their previous forecast of $1.89. The consensus estimate for Williams Companies’ current full-year earnings is $1.92 per share. US Capital Advisors also issued estimates for Williams Companies’ Q4 2025 earnings at $0.59 EPS.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. 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 15.89% and a net margin of 27.36%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS.

A number of other research analysts also recently weighed in on WMB. Citigroup increased their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Truist Financial raised their price objective on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, CIBC boosted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus price target of $51.79.

Williams Companies Stock Performance

WMB opened at $58.14 on Thursday. The stock has a market cap of $70.87 billion, a P/E ratio of 24.53, a P/E/G ratio of 6.01 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a fifty day moving average price of $52.12 and a 200 day moving average price of $46.08. Williams Companies has a 1 year low of $32.65 and a 1 year high of $60.36.

Institutional Trading of Williams Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after acquiring an additional 5,697,605 shares during the period. American Century Companies Inc. grew its holdings in shares of Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after purchasing an additional 1,024,158 shares during the period. National Bank of Canada FI increased its position in shares of Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after purchasing an additional 922,550 shares during the last quarter. Castle Hook Partners LP increased its position in shares of Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after purchasing an additional 718,915 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Williams Companies by 8.8% in the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after buying an additional 618,056 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other Williams Companies 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 value 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 $13,777,218. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 3.27%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

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.