WMB FY2024 EPS Forecast Reduced by US Capital Advisors

The Williams Companies, Inc. (NYSE:WMB) – Equities research analysts at US Capital Advisors cut their FY2024 earnings per share estimates for Williams Companies in a research note issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $1.92 for the year, down from their previous forecast of $1.93. The consensus estimate for Williams Companies’ current full-year earnings is $1.91 per share. US Capital Advisors also issued estimates for Williams Companies’ Q4 2024 earnings at $0.48 EPS and Q3 2025 earnings at $0.50 EPS.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on WMB. Barclays lifted their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Scotiabank reissued a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. CIBC lifted their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. UBS Group lifted their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Williams Companies Stock Up 2.1 %

WMB stock opened at $56.86 on Thursday. Williams Companies has a twelve month low of $32.65 and a twelve month high of $61.46. The company has a market cap of $69.32 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. The business’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $51.03. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Institutional Investors Weigh In On Williams Companies

Several institutional investors have recently bought and sold shares of the company. Baader Bank Aktiengesellschaft raised its stake in shares of Williams Companies by 3.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after purchasing an additional 180 shares in the last quarter. Albion Financial Group UT raised its stake in shares of Williams Companies by 18.4% during the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after purchasing an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC raised its stake in shares of Williams Companies by 3.8% during the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after purchasing an additional 185 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Williams Companies by 24.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 195 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Williams Companies by 2.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio 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.