The Williams Companies, Inc. (NYSE:WMB) to Post FY2024 Earnings of $1.89 Per Share, US Capital Advisors Forecasts

The Williams Companies, Inc. (NYSE:WMB - Free Report) - Research analysts at US Capital Advisors boosted their FY2024 earnings per share estimates for Williams Companies in a research note issued to investors on Wednesday, August 21st. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $1.89 for the year, up from their previous estimate of $1.84. US Capital Advisors has a "Hold" rating on the stock. The consensus estimate for Williams Companies' current full-year earnings is $1.92 per share. US Capital Advisors also issued estimates for Williams Companies' Q2 2025 earnings at $0.45 EPS.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share.

Other equities research analysts also recently issued research reports about the company. Barclays lifted their price objective on Williams Companies from $41.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, August 19th. Seaport Res Ptn cut Williams Companies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 30th. Stifel Nicolaus lifted their target price on Williams Companies from $40.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Royal Bank of Canada lifted their target price on Williams Companies from $44.00 to $47.00 and gave the company an "outperform" rating in a report on Friday. Finally, Argus upgraded Williams Companies from a "hold" rating to a "buy" rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of "Hold" and a consensus target price of $42.83.

Williams Companies Trading Up 0.5 %

Shares of NYSE:WMB traded up $0.20 during midday trading on Monday, reaching $45.50. The company's stock had a trading volume of 3,214,456 shares, compared to its average volume of 6,479,290. The firm has a market cap of $55.45 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 6.16 and a beta of 1.05. 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 has a 1 year low of $32.49 and a 1 year high of $45.79. The business has a 50 day moving average price of $43.05 and a 200 day moving average price of $40.02.

Institutional Trading of Williams Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Next Capital Management LLC purchased a new stake in shares of Williams Companies during the second quarter worth about $221,000. EP Wealth Advisors LLC increased its holdings in Williams Companies by 12.3% in the second quarter. EP Wealth Advisors LLC now owns 11,607 shares of the pipeline company's stock valued at $493,000 after buying an additional 1,267 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Williams Companies in the second quarter valued at about $42,000. Quarry LP bought a new stake in Williams Companies in the second quarter valued at about $35,000. Finally, Sunbelt Securities Inc. increased its holdings in Williams Companies by 60.1% in the second quarter. Sunbelt Securities Inc. now owns 1,687 shares of the pipeline company's stock valued at $72,000 after buying an additional 633 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Friday, September 13th. Williams Companies's dividend payout ratio is presently 79.83%.

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.