Wall Street brokers expect The Williams Companies, Inc. (NYSE:WMB – Get a rating) will announce sales of $3.19 billion for the current quarter, Zacks reports. Two analysts released earnings estimates for the Williams Companies, with the highest sales estimate of $3.37 billion and the lowest estimate of $3.00 billion. Williams Companies posted sales of $2.61 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 22.2%. The company is expected to release its next earnings report on Monday, May 2.
According to Zacks, analysts expect Williams Companies to report annual revenue of $12.00 billion for the current fiscal year, with estimates ranging from $11.15 billion to $13.35 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $11.98 billion, with estimates ranging from $10.46 billion to $13.54 billion. Zacks Investment Research sales averages are an average average based on a survey of analysts who cover Williams companies.
Williams Companies (NYSE: WMB – Get a rating) last released its quarterly earnings data on Monday, February 21. The pipeline company reported earnings per share of $0.39 for the quarter, beating the consensus estimate of $0.31 by $0.08. Williams Companies had a return on equity of 11.60% and a net margin of 14.27%. The company posted revenue of $3.26 billion in the quarter, versus $2.82 billion expected by analysts. In the same period a year earlier, the company earned earnings per share of $0.31.
A number of equity research analysts have weighed in on WMB shares. Raymond James raised its price target on Williams Companies from $34.00 to $36.00 and gave the company a “Strong Buy” rating in a Wednesday, February 23 report. Citigroup raised its price target on Williams Companies from $27.00 to $29.00 in a Thursday, January 13 research report. Mizuho raised its price target on Williams Companies from $31.00 to $33.00 and gave the stock a “buy” rating in a Tuesday, February 15 research note. US Capital Advisors downgraded Williams Companies’ rating from an “overweight” rating to a “maintained” rating in a Thursday, November 18 research report. Finally, Barclays raised its price target on shares of Williams Companies from $33.00 to $34.00 and gave the company an “overweight” rating in a Wednesday, February 23 research report. One analyst has assigned the stock a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned the company’s stock a strong buy rating. According to MarketBeat.com, Williams Companies has an average rating of “Buy” and an average target price of $31.79.
Separately, SVP Walter J. Bennett sold 24,219 shares in a trade on Wednesday, February 23. The stock was sold at an average price of $29.70, for a total value of $719,304.30. The sale was disclosed in an SEC filing, available at the SEC website. Also, CEO Alan S. Armstrong sold 156,523 shares of the company in a transaction dated Wednesday, February 23. The shares were sold at an average price of $30.18, for a total value of $4,723,864.14. Disclosure of this sale can be found here. Insiders sold a total of 288,593 shares of the company worth $8,918,279 in the past ninety days. Insiders of the company own 0.34% of the shares of the company.
Several hedge funds have recently changed their WMB holdings. Andrew Hill Investment Advisors Inc. acquired a new stake in Williams Companies in Q4 worth $26,000. CVA Family Office LLC bought a new position in Williams Companies in Q4 worth approximately $33,000. Exchange Traded Concepts LLC raised its position in shares of Williams Companies by 47.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,367 shares of the pipeline company worth $36,000 after purchasing an additional 443 shares during the period. D Orazio & Associates Inc. purchased a new stake in Williams Companies stock in Q3 worth approximately $41,000. Finally, AllSquare Wealth Management LLC increased its position in shares of Williams Companies by 46.3% in the 3rd quarter. AllSquare Wealth Management LLC now owns 1,579 shares of the pipeline company worth $41,000 after purchasing an additional 500 shares during the period. 85.55% of the shares are held by hedge funds and other institutional investors.
Shares of Williams Companies opened at $31.90 on Friday. The stock’s fifty-day moving average price is $29.99 and its two-hundred-day moving average price is $27.96. Williams Companies has a one-year low of $22.59 and a one-year high of $34.39. The company has a debt ratio of 1.54, a current ratio of 0.91 and a quick ratio of 0.84. The company has a market capitalization of $38.78 billion, a PE ratio of 25.73, a growth price-earnings ratio of 7.07 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 28. Shareholders of record on Friday, March 11 will receive a dividend of $0.425 per share. This represents a dividend of $1.70 on an annualized basis and a yield of 5.33%. The ex-date of this dividend is Thursday, March 10. This is a positive change from Williams Companies’ previous quarterly dividend of $0.41. The Williams Companies dividend payout ratio (DPR) is 132.26%.
About the Williams Companies (Get a rating)
The Williams Cos., Inc. operates as an energy infrastructure company, which explores for, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P and West. The Transmission and Gulf of Mexico segment includes interstate gas pipelines, Transco and Northwest pipelines, as well as natural gas gathering and processing and crude oil production, handling and transportation assets in the Coast region of the Gulf.
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