Q1 2024 Earnings Forecast for The Williams Companies, Inc. (NYSE:WMB) Issued By US Capital Advisors

The Williams Companies, Inc. (NYSE:WMB) – Stock analysts at US Capital Advisors reduced their Q1 2024 EPS estimates for shares of Williams Companies in a research note issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $0.49 per share for the quarter, down from their previous forecast of $0.50. US Capital Advisors has a “Hold” rating on the stock. The consensus estimate for Williams Companies’ current full-year earnings is $1.83 per share. US Capital Advisors also issued estimates for Williams Companies’ Q2 2024 earnings at $0.39 EPS, Q3 2024 earnings at $0.39 EPS, FY2024 earnings at $1.71 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $1.87 EPS and FY2026 earnings at $2.02 EPS.

A number of other research firms have also recently issued reports on WMB. 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. UBS Group increased their target price on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Truist Financial increased their target price on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Barclays increased their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.22.

Williams Companies Stock Performance

Shares of WMB stock opened at $37.89 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The stock has a market cap of $46.17 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05. The stock has a 50-day moving average of $37.70 and a 200-day moving average of $35.97. Williams Companies has a one year low of $28.27 and a one year high of $39.76.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the prior year, the firm posted $0.53 EPS.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio is 72.52%.

Institutional Investors Weigh In On Williams Companies

Hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley increased its position in Williams Companies by 3.9% during the 3rd quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after buying an additional 712,048 shares during the period. Northern Trust Corp increased its position in Williams Companies by 8.1% during the 3rd quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after buying an additional 1,089,150 shares during the period. Federated Hermes Inc. increased its position in Williams Companies by 7.3% during the 3rd quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after buying an additional 921,537 shares during the period. Wellington Management Group LLP increased its position in Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Williams Companies by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock worth $380,748,000 after purchasing an additional 68,674 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

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.