Williams Companies (NYSE:WMB) Releases 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.

Williams Companies Trading Up 1.6 %

Shares of WMB traded up $0.87 during mid-day trading on Friday, hitting $56.31. 7,120,229 shares of the company’s stock traded hands, compared to its average volume of 6,255,060. The business’s 50-day moving average price is $48.81 and its 200-day moving average price is $44.34. Williams Companies has a 1 year low of $32.65 and a 1 year high of $56.80. The firm has a market capitalization of $68.63 billion, a P/E ratio of 23.76, a PEG ratio of 6.19 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last issued 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 during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. As a group, sell-side analysts forecast that Williams Companies will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Scotiabank boosted their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.38.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 owns 304,200 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.44% of the stock is owned by corporate 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.