Williams Companies (NYSE:WMB - Get Free Report) released its earnings results on Wednesday. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01, Briefing.com reports. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $0.45 EPS. Williams Companies's quarterly revenue was up 3.7% on a year-over-year basis. 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 Trading Up 0.2 %
Shares of Williams Companies stock traded up $0.11 during trading on Thursday, hitting $55.44. The company's stock had a trading volume of 5,519,661 shares, compared to its average volume of 6,251,054. The stock has a market cap of $67.57 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 5.84 and a beta of 1.03. Williams Companies has a 52 week low of $32.65 and a 52 week high of $55.79. The stock has a 50-day moving average price of $48.40 and a two-hundred day moving average price of $44.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.
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 issued a dividend of $0.475 per share. 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 3.43%. Williams Companies's dividend payout ratio (DPR) is presently 81.55%.
Insider Buying and Selling
In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares of the company's stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.44% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Williams Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Seaport Res Ptn cut Williams Companies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 30th. Truist Financial raised their target price on Williams Companies from $42.00 to $52.00 and gave the company a "hold" rating in a report on Tuesday. Barclays boosted their price target on Williams Companies from $42.00 to $46.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Finally, UBS Group raised their price objective on Williams Companies from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $50.38.
Check Out Our Latest Report on Williams Companies
About Williams Companies
(
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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.
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