The Williams Companies, Inc. Expected to Post Q3 2023 Earnings of $0.40 Per Share (NYSE:WMB)

The Williams Companies, Inc. (NYSE:WMB – Get Rating) – Analysts at US Capital Advisors decreased their Q3 2023 earnings per share estimates for Williams Companies in a research report issued on Friday, May 19th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $0.40 per share for the quarter, down from their prior forecast of $0.41. US Capital Advisors has a “Overweight” rating on the stock. The consensus estimate for Williams Companies’ current full-year earnings is $1.95 per share. US Capital Advisors also issued estimates for Williams Companies’ Q4 2023 earnings at $0.48 EPS, FY2023 earnings at $2.06 EPS, Q1 2024 earnings at $0.45 EPS, Q2 2024 earnings at $0.40 EPS, Q3 2024 earnings at $0.40 EPS, Q4 2024 earnings at $0.41 EPS, FY2024 earnings at $1.65 EPS and FY2025 earnings at $1.81 EPS.

Williams Companies (NYSE:WMB – Get Rating) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.65 billion. Williams Companies had a return on equity of 17.24% and a net margin of 22.53%. Williams Companies’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein downgraded shares of Williams Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $37.00 to $34.00 in a research note on Monday, February 27th. Scotiabank restated a “sector perform” rating and issued a $35.00 price objective on shares of Williams Companies in a research report on Friday, April 14th. Argus downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Citigroup upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, May 16th. Finally, Barclays dropped their target price on shares of Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.42.

Williams Companies Stock Performance

Shares of WMB stock opened at $29.24 on Monday. The stock’s 50-day moving average is $29.48 and its two-hundred day moving average is $31.39. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 4.41 and a beta of 1.16. Williams Companies has a 1 year low of $27.80 and a 1 year high of $37.97. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.63 and a current ratio of 0.69.

Institutional Trading of Williams Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Williams Companies by 1.0% in the third quarter. Vanguard Group Inc. now owns 126,370,141 shares of the pipeline company’s stock valued at $3,617,977,000 after buying an additional 1,193,704 shares in the last quarter. State Street Corp boosted its position in Williams Companies by 0.4% in the third quarter. State Street Corp now owns 88,880,791 shares of the pipeline company’s stock valued at $2,544,657,000 after buying an additional 393,245 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Williams Companies by 96,588.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after buying an additional 63,358,143 shares in the last quarter. Deutsche Bank AG boosted its position in Williams Companies by 15.2% in the fourth quarter. Deutsche Bank AG now owns 31,131,423 shares of the pipeline company’s stock valued at $1,024,224,000 after buying an additional 4,112,024 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Williams Companies by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,242,720 shares of the pipeline company’s stock valued at $894,796,000 after buying an additional 273,005 shares in the last quarter. 85.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William H. Spence bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average price of $29.61 per share, for a total transaction of $148,050.00. Following the acquisition, the director now directly owns 48,521 shares of the company’s stock, valued at approximately $1,436,706.81. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Monday, June 12th will be given a $0.4475 dividend. The ex-dividend date of this dividend is Friday, June 9th. This represents a $1.79 dividend on an annualized basis and a yield of 6.12%. Williams Companies’s payout ratio is 84.04%.

About Williams Companies

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The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.