Williams Companies (NYSE:WMB) Releases Earnings Results, Beats Expectations By $0.10 EPS

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

Williams Companies Trading Up 1.0 %

Shares of Williams Companies stock opened at $39.06 on Tuesday. 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’s 50 day simple moving average is $37.93 and its 200-day simple moving average is $36.03. The stock has a market cap of $47.59 billion, a P/E ratio of 14.91, a P/E/G ratio of 6.07 and a beta of 1.05. Williams Companies has a 1-year low of $28.27 and a 1-year high of $39.76.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is 72.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Barclays upped their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. US Capital Advisors downgraded shares of Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Finally, Truist Financial lifted their price objective 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 assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.22.

Williams Companies Company Profile

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.