Williams Companies Inc (NYSE:WMB) – Investment analysts at US Capital Advisors dropped their Q3 2019 earnings per share (EPS) estimates for shares of Williams Companies in a research note issued to investors on Friday, May 24th, Zacks Investment Research reports. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.24. US Capital Advisors also issued estimates for Williams Companies’ Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.82 EPS, Q1 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.22 EPS, FY2020 earnings at $0.93 EPS and FY2021 earnings at $0.86 EPS.
Separately, Mizuho set a $32.00 target price on shares of Williams Companies and gave the company a “buy” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. Williams Companies has a consensus rating of “Buy” and a consensus price target of $32.33.
WMB stock traded up $0.38 during midday trading on Monday, hitting $27.33. The stock had a trading volume of 7,730,027 shares, compared to its average volume of 7,216,591. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 4.42 and a beta of 1.62. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 1.32. Williams Companies has a 1-year low of $20.36 and a 1-year high of $32.22.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. Williams Companies’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, June 6th. Williams Companies’s dividend payout ratio (DPR) is currently 192.41%.
In related news, Director Stephen I. Chazen purchased 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $27.33 per share, with a total value of $273,300.00. Following the completion of the purchase, the director now owns 45,730 shares in the company, valued at approximately $1,249,800.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Ted T. Timmermans sold 5,000 shares of Williams Companies stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the sale, the vice president now directly owns 18,666 shares of the company’s stock, valued at $486,435.96. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Advisors LLC bought a new stake in shares of Williams Companies during the first quarter worth about $29,000. Trustcore Financial Services LLC bought a new stake in shares of Williams Companies during the first quarter worth about $29,000. Claybrook Capital LLC bought a new stake in shares of Williams Companies during the fourth quarter worth about $26,000. JNBA Financial Advisors increased its position in shares of Williams Companies by 68.6% during the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. Finally, JOYN Advisors Inc. increased its position in shares of Williams Companies by 57.9% during the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 463 shares in the last quarter. 87.97% of the stock is owned by hedge funds and other institutional investors.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company’s Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.