Seaport Res Ptn Issues Pessimistic Estimate for WMB Earnings

The Williams Companies, Inc. (NYSE:WMB) – Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for shares of Williams Companies in a research note issued to investors 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 research analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. UBS Group upped 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. CIBC raised their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Bank of America assumed coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.79.

Williams Companies Price Performance

Shares of NYSE WMB opened at $56.45 on Tuesday. Williams Companies has a 1-year low of $32.65 and a 1-year high of $60.36. The firm’s 50-day moving average price is $52.65 and its 200-day moving average price is $46.38. The firm has a market capitalization of $68.81 billion, a P/E ratio of 23.82, a P/E/G ratio of 6.00 and a beta of 1.05. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

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, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued 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 is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value 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 approximately $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Institutional Trading of Williams Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brendel Financial Advisors LLC grew its stake in shares of Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after buying an additional 419 shares during the last quarter. Swiss National Bank grew its stake in shares of Williams Companies by 0.3% in the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after acquiring an additional 9,800 shares in the last quarter. Valley National Advisers Inc. increased its holdings in Williams Companies by 1,855.7% in the third quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock valued at $1,918,000 after buying an additional 39,880 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Williams Companies by 402.9% during the third quarter. Banque Cantonale Vaudoise now owns 91,983 shares of the pipeline company’s stock worth $4,199,000 after buying an additional 73,693 shares during the period. Finally, Czech National Bank lifted its position in Williams Companies by 6.9% in the third quarter. Czech National Bank now owns 248,309 shares of the pipeline company’s stock valued at $11,335,000 after purchasing an additional 16,064 shares during the period. 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.