Wall Street analysts forecast that The Williams Companies, Inc. (NYSE:WMB – Get Rating) will report sales of $2.98 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Williams Companies’ earnings. The lowest sales estimate is $2.54 billion and the highest is $3.22 billion. Williams Companies posted sales of $2.28 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.7%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Williams Companies will report full-year sales of $12.01 billion for the current fiscal year, with estimates ranging from $10.38 billion to $12.86 billion. For the next financial year, analysts expect that the company will report sales of $11.92 billion, with estimates ranging from $10.69 billion to $13.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Williams Companies.
Williams Companies (NYSE:WMB – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The pipeline company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. During the same quarter last year, the business posted $0.35 EPS.
A number of analysts recently commented on WMB shares. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, March 22nd. Stifel Nicolaus lifted their price objective on Williams Companies from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, March 1st. StockNews.com started coverage on Williams Companies in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial initiated coverage on Williams Companies in a research report on Monday, May 2nd. They set a “buy” rating and a $37.00 price objective for the company. Finally, TD Securities raised their price target on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, May 4th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $34.93.
In related news, SVP Scott A. Hallam sold 12,838 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $33.86, for a total transaction of $434,694.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Walter J. Bennett sold 24,219 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $29.70, for a total value of $719,304.30. The disclosure for this sale can be found here. Insiders sold a total of 304,200 shares of company stock worth $9,437,992 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WMB. First Commonwealth Financial Corp PA increased its holdings in Williams Companies by 27.3% during the 1st quarter. First Commonwealth Financial Corp PA now owns 16,640 shares of the pipeline company’s stock worth $556,000 after purchasing an additional 3,564 shares during the last quarter. Lavaca Capital LLC purchased a new stake in Williams Companies during the 1st quarter worth approximately $428,000. Cadence Bank purchased a new stake in Williams Companies during the 1st quarter worth approximately $214,000. Charles Schwab Investment Management Inc. increased its holdings in Williams Companies by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,299,644 shares of the pipeline company’s stock worth $210,472,000 after purchasing an additional 191,703 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its holdings in Williams Companies by 68.6% during the 1st quarter. KCM Investment Advisors LLC now owns 12,972 shares of the pipeline company’s stock worth $433,000 after purchasing an additional 5,278 shares during the last quarter. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
Williams Companies stock opened at $34.79 on Friday. The stock has a market cap of $42.37 billion, a PE ratio of 28.99, a P/E/G ratio of 6.65 and a beta of 1.17. The stock has a 50-day moving average price of $33.88 and a 200 day moving average price of $30.40. Williams Companies has a 52 week low of $23.53 and a 52 week high of $37.05. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 1.49.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Friday, June 10th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, June 9th. Williams Companies’s dividend payout ratio is currently 141.67%.
About Williams Companies (Get Rating)
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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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