Seaport Res Ptn Has Negative Estimate for WMB Q4 Earnings

The Williams Companies, Inc. (NYSE:WMB) – Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for shares of Williams Companies in a research note issued to investors on Monday, December 2nd. Seaport Res Ptn analyst S. Sibal now expects that the pipeline company will earn $0.46 per share for the quarter, down from their prior estimate 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 earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS.

Several other research firms also recently weighed in on WMB. CIBC upped their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial lifted their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday. Scotiabank increased their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Finally, Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.07.

Williams Companies Stock Performance

WMB opened at $56.58 on Tuesday. The firm’s fifty day simple moving average is $53.06 and its two-hundred day simple moving average is $46.60. Williams Companies has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a market cap of $68.97 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 5.79 and a beta of 1.05. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Insider Buying and Selling

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Williams Companies

Several institutional investors and hedge funds have recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Williams Companies during the third quarter worth about $30,000. SouthState Corp purchased a new stake in Williams Companies during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies during the 2nd quarter worth approximately $34,000. Rosenberg Matthew Hamilton boosted its position in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the period. Finally, Quarry LP acquired a new position in shares of Williams Companies in the second quarter worth $35,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.