The Williams Companies, Inc. (NYSE:WMB – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $39.99 and last traded at $39.89, with a volume of 966804 shares trading hands. The stock had previously closed at $39.06.
The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.40%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was down 10.1% on a year-over-year basis.
Williams Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Williams Companies
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of WMB. Checchi Capital Advisers LLC lifted its position in Williams Companies by 1.2% in the first quarter. Checchi Capital Advisers LLC now owns 22,683 shares of the pipeline company’s stock valued at $884,000 after purchasing an additional 274 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of Williams Companies by 1.8% in the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock valued at $591,000 after buying an additional 275 shares during the period. Schulhoff & Co. Inc. grew its holdings in Williams Companies by 1.6% during the first quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock worth $697,000 after acquiring an additional 276 shares during the period. L.M. Kohn & Company raised its position in Williams Companies by 4.9% in the first quarter. L.M. Kohn & Company now owns 6,116 shares of the pipeline company’s stock worth $238,000 after acquiring an additional 288 shares in the last quarter. Finally, First National Trust Co lifted its holdings in Williams Companies by 2.8% in the first quarter. First National Trust Co now owns 10,520 shares of the pipeline company’s stock valued at $410,000 after acquiring an additional 288 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.
Williams Companies Stock Up 0.5 %
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 company has a market capitalization of $47.91 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05. The firm’s 50-day simple moving average is $38.01 and its 200 day simple moving average is $36.06.
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.
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