The Williams Companies, Inc. (NYSE:WMB) to Post Q1 2022 Earnings of $0.36 Per Share, US Capital Advisors Forecasts

The Williams Companies, Inc. (NYSE:WMB – Get Rating) – Equities researchers at US Capital Advisors lifted their Q1 2022 earnings per share estimates for shares of Williams Companies in a report issued on Monday, April 25th. US Capital Advisors analyst B. Followill now expects that the pipeline company will earn $0.36 per share for the quarter, up from their prior estimate of $0.33. US Capital Advisors also issued estimates for Williams Companies’ Q2 2022 earnings at $0.34 EPS, Q3 2022 earnings at $0.37 EPS, Q4 2022 earnings at $0.42 EPS, FY2022 earnings at $1.50 EPS, Q1 2023 earnings at $0.42 EPS, Q2 2023 earnings at $0.38 EPS, Q3 2023 earnings at $0.38 EPS, Q4 2023 earnings at $0.42 EPS and FY2024 earnings at $1.46 EPS.

Williams Companies (NYSE:WMB – Get Rating) last released its quarterly earnings results on Monday, February 21st. The pipeline company reported $0.39 earnings per share (EPS) 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 business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share.

Several other equities analysts have also recently commented on WMB. Bank of America upped their target price on shares of Williams Companies from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, January 18th. Stifel Nicolaus lifted their price objective on shares of Williams Companies from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, March 1st. Morgan Stanley boosted their price target on Williams Companies from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday. Barclays boosted their price target on Williams Companies from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 23rd. Finally, StockNews.com started coverage on Williams Companies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $34.36.

NYSE WMB opened at $34.31 on Wednesday. The company has a market cap of $41.71 billion, a P/E ratio of 27.67, a P/E/G ratio of 7.14 and a beta of 1.27. Williams Companies has a 1 year low of $23.53 and a 1 year high of $36.37. The company has a fifty day simple moving average of $32.86 and a 200 day simple moving average of $29.84. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.54.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.95%. Williams Companies’s payout ratio is currently 137.10%.

In other Williams Companies news, CEO Alan S. Armstrong sold 156,523 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $30.18, for a total transaction of $4,723,864.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Walter J. Bennett sold 24,219 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were 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 have sold a total of 304,200 shares of company stock worth $9,437,992 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group grew its position in shares of Williams Companies by 14.2% in the third quarter. Schroder Investment Management Group now owns 140,487 shares of the pipeline company’s stock valued at $3,644,000 after purchasing an additional 17,431 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Williams Companies by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 76,100 shares of the pipeline company’s stock valued at $1,982,000 after purchasing an additional 500 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Williams Companies by 13.7% in the fourth quarter. Ritholtz Wealth Management now owns 16,808 shares of the pipeline company’s stock valued at $438,000 after purchasing an additional 2,021 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of Williams Companies by 4.6% in the third quarter. Dana Investment Advisors Inc. now owns 484,275 shares of the pipeline company’s stock valued at $12,562,000 after purchasing an additional 21,259 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its position in shares of Williams Companies by 6.2% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,400,183 shares of the pipeline company’s stock valued at $62,261,000 after purchasing an additional 140,534 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

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.

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