Seaport Res Ptn Has Bearish Forecast for WMB FY2024 Earnings

The Williams Companies, Inc. (NYSE:WMB) – Analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for Williams Companies in a research note issued on Monday, December 2nd. Seaport Res Ptn analyst S. Sibal now forecasts that the pipeline company will post earnings of $1.91 per share for the year, down from their prior estimate of $1.94. The consensus estimate for Williams Companies’ current full-year earnings is $1.92 per share.

A number of other research analysts also recently commented on the company. 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 report on Wednesday, October 16th. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $52.07.

Williams Companies Trading Up 1.5 %

Shares of WMB opened at $57.16 on Wednesday. The company has a market capitalization of $69.68 billion, a P/E ratio of 24.12, a P/E/G ratio of 5.81 and a beta of 1.05. Williams Companies has a one year low of $32.65 and a one year high of $60.36. 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 stock has a 50-day moving average price of $53.53 and a 200 day moving average price of $46.74.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

Williams Companies Announces Dividend

The company 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 dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.32%. Williams Companies’s dividend payout ratio is 80.17%.

Insider Buying and Selling

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 owns 304,200 shares in the company, valued at approximately $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 owned by corporate insiders.

Hedge Funds Weigh In On Williams Companies

Several institutional investors have recently bought and sold shares of WMB. Legacy Investment Solutions LLC bought a new position in shares of Williams Companies in the third quarter worth about $30,000. SouthState Corp bought a new position in shares of Williams Companies in the second quarter worth about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the second quarter worth about $34,000. Rosenberg Matthew Hamilton increased its stake in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the period. Finally, Quarry LP bought a new position in shares of Williams Companies in the second quarter worth about $35,000. 86.44% of the stock is currently owned by institutional investors.

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.