Williams Companies (NYSE:WMB) Releases FY 2024 Earnings Guidance

Williams Companies (NYSE:WMB - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.860-1.860 for the period, compared to the consensus EPS estimate of 1.860. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a hold rating in a report on Monday, March 25th. CIBC raised their price objective on Williams Companies from $38.00 to $39.00 and gave the company a neutral rating in a research note on Wednesday. UBS Group raised their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a buy rating in a research note on Friday, April 12th. Wolfe Research restated an underperform rating and set a $34.00 price target on shares of Williams Companies in a report on Thursday, April 18th. Finally, Barclays upped their price target on Williams Companies from $37.00 to $38.00 and gave the stock an equal weight rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $39.55.

Williams Companies Trading Up 0.5 %

Shares of WMB traded up $0.21 on Wednesday, reaching $39.32. 6,161,431 shares of the company's stock were exchanged, compared to its average volume of 6,965,915. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $47.91 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05. The business has a 50 day moving average price of $38.01 and a two-hundred day moving average price of $36.06. Williams Companies has a 12 month low of $28.27 and a 12 month high of $39.99.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.40%. Williams Companies's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. Research analysts anticipate that Williams Companies will post 1.82 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies's dividend payout ratio (DPR) is 79.83%.

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.