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 midday trading on Friday, reaching $56.31. The company had a trading volume of 7,120,229 shares, compared to its average volume of 6,255,060. The firm has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $44.34. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The stock has a market cap of $68.63 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 6.19 and a beta of 1.03. Williams Companies has a 1-year low of $32.65 and a 1-year high of $56.80.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.90% and a net margin of 27.36%. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Research analysts forecast that Williams Companies will post 1.91 EPS for the current fiscal 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 given a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.37%. Williams Companies’s payout ratio is 80.17%.

Analysts Set New Price Targets

WMB has been the topic of several recent analyst reports. Barclays increased their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One equities 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 company’s stock. According to data from MarketBeat, Williams Companies has an average rating of “Hold” and an average target price of $50.38.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction 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 completion of the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

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.