Williams Companies (NYSE:WMB) Posts Quarterly Earnings Results, Hits Estimates

Williams Companies (NYSE:WMB) issued its earnings results on Monday. The pipeline company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54, FiscalAI reports. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%.

Williams Companies Trading Down 4.2%

NYSE WMB traded down $3.11 on Monday, hitting $71.24. The company’s stock had a trading volume of 8,963,344 shares, compared to its average volume of 7,170,534. The firm has a market cap of $87.13 billion, a P/E ratio of 28.38, a PEG ratio of 1.57 and a beta of 0.62. Williams Companies has a 52-week low of $56.19 and a 52-week high of $80.07. The company’s 50-day simple moving average is $72.21 and its 200 day simple moving average is $72.28. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Friday, December 11th will be issued a $0.5250 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.10 annualized dividend and a yield of 2.9%. Williams Companies’s dividend payout ratio (DPR) is 83.67%.

Insider Activity

In related news, SVP Terrance Wilson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the transaction, the senior vice president owned 268,159 shares in the company, valued at $20,077,064.33. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 17,000 shares of company stock worth $1,260,130 over the last 90 days. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on WMB. Stifel Nicolaus began coverage on shares of Williams Companies in a research report on Thursday, September 10th. They set a “buy” rating and a $85.00 price target for the company. Capital One Financial assumed coverage on Williams Companies in a report on Tuesday, September 22nd. They issued an “overweight” rating and a $92.00 price objective on the stock. Royal Bank Of Canada raised their price target on Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Truist Financial lifted their price target on Williams Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, UBS Group reiterated a “buy” rating on shares of Williams Companies in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $86.06.

About Williams Companies

The Williams Companies, Inc is an energy infrastructure company headquartered in Tulsa, Oklahoma. Founded in 1908 as Williams Brothers, the company has evolved from an early pipeline contractor into a major operator of natural gas infrastructure in the United States.

Williams primarily gathers, processes, transports and stores natural gas and natural gas liquids. Its assets include interstate and regional pipelines, gas processing and fractionation facilities, storage operations, and gathering systems that connect producers with utilities, industrial customers, power generators and other energy markets.