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

Williams Companies (NYSE:WMB) issued its 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 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 16.17% and a net margin of 27.11%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business 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 Performance

Shares of NYSE WMB traded up $0.26 during midday trading on Thursday, reaching $55.59. The company’s stock had a trading volume of 2,453,321 shares, compared to its average volume of 6,236,104. 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 stock has a market capitalization of $67.75 billion, a P/E ratio of 23.75, a PEG ratio of 5.84 and a beta of 1.03. The firm has a 50 day moving average price of $48.40 and a 200-day moving average price of $44.14. Williams Companies has a 12-month low of $32.65 and a 12-month high of $55.79.

Williams Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies’s payout ratio is presently 81.55%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 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 document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price target for the company. Truist Financial lifted their price target on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.38.

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.