Q4 EPS Forecast for Williams Companies Reduced by Analyst

The Williams Companies, Inc. (NYSE:WMB) – Investment analysts at Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for shares of 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 per share of $0.46 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.

A number of other brokerages also recently issued reports on WMB. Barclays raised their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. CIBC lifted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank increased their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Williams Companies currently has an average rating of “Hold” and an average price target of $52.07.

Williams Companies Price Performance

NYSE:WMB opened at $56.58 on Tuesday. The firm has a market capitalization 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 debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The business has a 50 day simple moving average of $53.06 and a 200-day simple moving average of $46.60. Williams Companies has a 1 year low of $32.65 and a 1 year high of $60.36.

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 the consensus estimate of $0.42 by $0.01. The firm 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 business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMB. Oddo BHF Asset Management Sas purchased a new position in shares of Williams Companies during the 3rd quarter valued at about $1,482,000. Inspire Trust Co. N.A. raised its position in Williams Companies by 16.4% during the third quarter. Inspire Trust Co. N.A. now owns 77,900 shares of the pipeline company’s stock valued at $3,556,000 after acquiring an additional 11,000 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in Williams Companies by 0.7% in the third quarter. Peapack Gladstone Financial Corp now owns 82,301 shares of the pipeline company’s stock valued at $3,756,000 after acquiring an additional 552 shares during the period. Synovus Financial Corp grew its stake in shares of Williams Companies by 48.8% during the 3rd quarter. Synovus Financial Corp now owns 19,533 shares of the pipeline company’s stock worth $892,000 after purchasing an additional 6,409 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Williams Companies by 0.5% during the 3rd quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after purchasing an additional 207 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In related news, 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 transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 3.36%. The ex-dividend date 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.