Williams Companies (NYSE:WMB) Issues Earnings Results

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

Williams Companies Stock Performance

WMB stock traded up $0.39 during midday trading on Monday, reaching $39.06. The stock had a trading volume of 6,717,215 shares, compared to its average volume of 6,953,401. 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 firm has a fifty day simple moving average of $37.85 and a two-hundred day simple moving average of $36.01. The stock has a market cap of $47.59 billion, a PE ratio of 14.76, a P/E/G ratio of 6.07 and a beta of 1.05. Williams Companies has a 52-week low of $28.27 and a 52-week high of $39.76.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.86%. Williams Companies’s payout ratio is currently 72.52%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wolfe Research reissued an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Barclays raised their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Truist Financial upped their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $39.22.

About Williams Companies

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.