Williams Companies (WMB) Set to Announce Quarterly Earnings on Monday

Williams Companies (NYSE:WMBGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 2nd. Analysts expect Williams Companies to post earnings of $0.31 per share for the quarter. Williams Companies has set its FY 2022 guidance at $1.290-$1.540 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings results on Monday, February 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.08. Williams Companies had a net margin of 14.27% and a return on equity of 11.60%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts expect Williams Companies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE WMB opened at $35.10 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.54. Williams Companies has a twelve month low of $23.25 and a twelve month high of $36.37. The company has a market capitalization of $42.67 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 7.14 and a beta of 1.27. The firm has a 50-day moving average of $32.69 and a two-hundred day moving average of $29.77.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Friday, March 11th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, March 10th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.41. This represents a $1.70 dividend on an annualized basis and a yield of 4.84%. Williams Companies’s dividend payout ratio is currently 137.10%.

In other Williams Companies news, SVP Walter J. Bennett sold 24,219 shares of the company’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 transaction of $719,304.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott A. Hallam sold 12,838 shares of the company’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 value of $434,694.68. The disclosure for this sale can be found here. Insiders sold 304,200 shares of company stock worth $9,437,992 in the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. JustInvest LLC boosted its position in shares of Williams Companies by 28.9% in the fourth quarter. JustInvest LLC now owns 20,971 shares of the pipeline company’s stock valued at $546,000 after acquiring an additional 4,705 shares during the period. NewEdge Advisors LLC boosted its position in shares of Williams Companies by 615.3% in the fourth quarter. NewEdge Advisors LLC now owns 85,001 shares of the pipeline company’s stock valued at $2,214,000 after acquiring an additional 73,117 shares during the period. Virtu Financial LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $278,000. Kingsview Wealth Management LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $255,000. Finally, California State Teachers Retirement System boosted its position in shares of Williams Companies by 4.2% in the fourth quarter. California State Teachers Retirement System now owns 2,305,466 shares of the pipeline company’s stock valued at $60,034,000 after acquiring an additional 92,025 shares during the period. 85.55% of the stock is owned by institutional investors.

A number of research firms have commented on WMB. TD Securities upped their price objective on shares of Williams Companies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, April 1st. Citigroup upped their price objective on shares of Williams Companies from $27.00 to $29.00 in a research note on Thursday, January 13th. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, March 22nd. Mizuho upped their target price on Williams Companies from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, March 17th. Finally, Raymond James upped their target price on Williams Companies from $36.00 to $40.00 and gave the company a “strong-buy” rating in a report on Wednesday, April 20th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $33.92.

Williams Companies Company Profile (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.

See Also

Earnings History for Williams Companies (NYSE:WMB)

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