Williams Companies (NYSE:WMB) Issues Earnings Results, Beats Estimates By $0.10 EPS

Williams Companies (NYSE:WMB) issued its quarterly earnings data on Monday. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10, Briefing.com reports. Williams Companies had a return on equity of 16.40% and a net margin of 27.29%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the business earned $0.56 EPS. The firm’s revenue was down 10.1% on a year-over-year basis.

Williams Companies Stock Performance

Shares of WMB opened at $39.11 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 firm’s 50 day moving average is $38.01 and its 200-day moving average is $36.06. Williams Companies has a 12-month low of $28.27 and a 12-month high of $39.99. The stock has a market capitalization of $47.65 billion, a P/E ratio of 16.43, a P/E/G ratio of 6.13 and a beta of 1.05.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be given 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 dividend payout ratio (DPR) is 79.83%.

Analyst Upgrades and Downgrades

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