Williams Companies (NYSE:WMB) Announces Quarterly Earnings Results

Williams Companies (NYSE:WMB) released its quarterly earnings results on Monday. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10, Briefing.com reports. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share.

Williams Companies Stock Performance

WMB opened at $39.06 on Tuesday. The stock has a 50-day moving average of $37.93 and a 200-day moving average of $36.03. Williams Companies has a 52-week low of $28.27 and a 52-week high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The company has a market cap of $47.59 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05.

Williams Companies Announces Dividend

The firm 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 dividend of $0.475 per share. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.86%. Williams Companies’s dividend payout ratio is currently 72.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMB. Truist Financial upped their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Barclays raised their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, UBS Group upped their price target on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $39.22.

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.