WMB FY2024 EPS Forecast Boosted by US Capital Advisors

The Williams Companies, Inc. (NYSE:WMB) – Equities research analysts at US Capital Advisors increased their FY2024 EPS estimates for Williams Companies in a research note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $1.93 for the year, up from their previous estimate of $1.89. The consensus estimate for Williams Companies’ current full-year earnings is $1.92 per share. US Capital Advisors also issued estimates for Williams Companies’ Q4 2025 earnings at $0.59 EPS.

A number of other analysts also recently issued reports on WMB. CIBC lifted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Citigroup lifted their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group boosted their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America started coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Mizuho boosted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.79.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $58.14 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company has a market cap of $70.87 billion, a P/E ratio of 24.53, a P/E/G ratio of 6.01 and a beta of 1.03. The firm’s fifty day moving average is $52.38 and its two-hundred day moving average is $46.17. Williams Companies has a 52-week low of $32.65 and a 52-week high of $60.36.

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, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS.

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 annualized dividend and a dividend yield of 3.27%. Williams Companies’s payout ratio is presently 80.17%.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Williams Companies

A number of institutional investors have recently bought and sold shares of the stock. iA Global Asset Management Inc. raised its holdings in shares of Williams Companies by 454.3% in the first quarter. iA Global Asset Management Inc. now owns 52,947 shares of the pipeline company’s stock worth $2,063,000 after buying an additional 43,395 shares during the last quarter. Sanibel Captiva Trust Company Inc. raised its holdings in shares of Williams Companies by 5.3% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 32,416 shares of the pipeline company’s stock worth $1,263,000 after buying an additional 1,646 shares during the last quarter. Burney Co. raised its holdings in shares of Williams Companies by 3.0% in the first quarter. Burney Co. now owns 50,083 shares of the pipeline company’s stock worth $1,952,000 after buying an additional 1,437 shares during the last quarter. Invst LLC purchased a new position in shares of Williams Companies in the first quarter worth $884,000. Finally, Cetera Investment Advisers raised its holdings in shares of Williams Companies by 180.6% in the first quarter. Cetera Investment Advisers now owns 638,120 shares of the pipeline company’s stock worth $24,868,000 after buying an additional 410,705 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.