Williams Companies (NYSE:WMB) Sets New 52-Week High Following Earnings Beat

Williams Companies, Inc. (The) (NYSE:WMBGet Free Report)’s share price hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $77.41 and last traded at $76.6870, with a volume of 1933543 shares. The stock had previously closed at $75.41.

The pipeline company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Williams Companies had a return on equity of 17.32% and a net margin of 21.90%.The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company posted $0.60 EPS. Williams Companies’s quarterly revenue was down .6% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.200-2.380 EPS.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. Williams Companies’s dividend payout ratio is presently 98.13%.

Key Stories Impacting Williams Companies

Here are the key news stories impacting Williams Companies this week:

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Williams Companies from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, April 20th. UBS Group boosted their price target on Williams Companies from $78.00 to $89.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a report on Friday, March 27th. Scotiabank boosted their price target on Williams Companies from $84.00 to $85.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 1st. Finally, Morgan Stanley boosted their price target on Williams Companies from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $78.60.

View Our Latest Analysis on Williams Companies

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $76.35, for a total transaction of $152,700.00. Following the completion of the transaction, the senior vice president owned 287,159 shares of the company’s stock, valued at approximately $21,924,589.65. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Payvand Fazel sold 2,898 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $73.15, for a total transaction of $211,988.70. Following the transaction, the senior vice president directly owned 31,766 shares of the company’s stock, valued at approximately $2,323,682.90. This trade represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 53,369 shares of company stock valued at $3,932,432. 0.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Williams Companies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Williams Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 133,963,343 shares of the pipeline company’s stock valued at $8,052,537,000 after acquiring an additional 883,245 shares during the period. State Street Corp boosted its holdings in shares of Williams Companies by 1.9% during the fourth quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock valued at $4,086,344,000 after acquiring an additional 1,296,991 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 15.9% during the third quarter. Wellington Management Group LLP now owns 48,586,299 shares of the pipeline company’s stock valued at $3,077,942,000 after acquiring an additional 6,668,950 shares during the period. Bank of America Corp DE boosted its holdings in shares of Williams Companies by 4.8% during the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock valued at $2,768,298,000 after acquiring an additional 2,100,164 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Williams Companies by 11.0% during the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock valued at $2,018,017,000 after acquiring an additional 3,314,851 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 1.5%

The company has a debt-to-equity ratio of 1.83, a current ratio of 0.53 and a quick ratio of 0.48. The firm’s fifty day moving average price is $73.14 and its 200-day moving average price is $65.91. The company has a market cap of $93.51 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 1.26 and a beta of 0.61.

Williams Companies Company Profile

(Get Free Report)

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.

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