Q4 EPS Estimate for Williams Companies Reduced by Analyst

The Williams Companies, Inc. (NYSE:WMB) – Stock analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of Williams Companies in a report issued on Monday, December 2nd. Seaport Res Ptn analyst S. Sibal now anticipates that the pipeline company will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.48. The consensus estimate for Williams Companies’ current full-year earnings is $1.92 per share. Seaport Res Ptn also issued estimates for Williams Companies’ FY2025 earnings at $1.98 EPS, FY2026 earnings at $2.17 EPS and FY2027 earnings at $2.32 EPS.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis.

WMB has been the topic of a number of other research reports. Barclays upped their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Citigroup increased their price objective on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Bank of America started coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Royal Bank of Canada increased their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Scotiabank raised their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $52.07.

Williams Companies Stock Performance

WMB opened at $56.30 on Tuesday. Williams Companies has a 1-year low of $32.65 and a 1-year high of $60.36. The company has a market cap of $68.63 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 5.79 and a beta of 1.05. The company’s fifty day moving average price is $53.28 and its two-hundred day moving average price is $46.66. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Institutional Investors Weigh In On Williams Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMB. Brooklyn Investment Group boosted its holdings in Williams Companies by 2.6% in the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after acquiring an additional 197 shares in the last quarter. Dearborn Partners LLC boosted its stake in Williams Companies by 1.1% during the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after purchasing an additional 201 shares during the last quarter. Tidal Investments LLC increased its holdings in Williams Companies by 0.5% in the 3rd quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after buying an additional 207 shares in the last quarter. Pinnacle Family Advisors LLC raised its stake in Williams Companies by 3.3% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 6,510 shares of the pipeline company’s stock valued at $297,000 after buying an additional 211 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Williams Companies by 12.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,899 shares of the pipeline company’s stock valued at $87,000 after purchasing an additional 212 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The shares were 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 directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

Williams Companies Dividend Announcement

The business 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 dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 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.