$2.18 Billion in Sales Expected for Williams Companies Inc (WMB) This Quarter

Analysts expect Williams Companies Inc (NYSE:WMB) to announce sales of $2.18 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Williams Companies’ earnings, with the highest sales estimate coming in at $2.27 billion and the lowest estimate coming in at $2.09 billion. Williams Companies posted sales of $1.89 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.3%. The company is expected to announce its next earnings results after the market closes on Wednesday, October 31st.

According to Zacks, analysts expect that Williams Companies will report full year sales of $8.62 billion for the current fiscal year, with estimates ranging from $8.38 billion to $8.93 billion. For the next fiscal year, analysts expect that the company will post sales of $9.17 billion, with estimates ranging from $8.72 billion to $9.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Williams Companies.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the business posted $0.13 EPS.

Several equities research analysts recently weighed in on the stock. UBS Group increased their target price on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Stifel Nicolaus started coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 price target for the company. Bank of America restated a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. US Capital Advisors cut shares of Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Friday, August 24th. Finally, Morgan Stanley set a $35.00 price target on shares of Williams Companies and gave the stock an “overweight” rating in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.87.

In other news, SVP Frank J. Ferazzi sold 1,100 shares of Williams Companies stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the transaction, the senior vice president now owns 15,037 shares in the company, valued at $470,808.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the transaction, the vice president now owns 9,955 shares of the company’s stock, valued at approximately $318,560. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP increased its holdings in shares of Williams Companies by 2.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 4,562,364 shares of the pipeline company’s stock valued at $113,405,000 after purchasing an additional 97,600 shares in the last quarter. BB&T Securities LLC increased its holdings in shares of Williams Companies by 18.4% in the first quarter. BB&T Securities LLC now owns 87,959 shares of the pipeline company’s stock valued at $2,186,000 after purchasing an additional 13,696 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Williams Companies by 7.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 127,937 shares of the pipeline company’s stock valued at $3,181,000 after purchasing an additional 9,040 shares in the last quarter. Rampart Investment Management Company LLC increased its holdings in shares of Williams Companies by 73.4% in the first quarter. Rampart Investment Management Company LLC now owns 17,582 shares of the pipeline company’s stock valued at $437,000 after purchasing an additional 7,443 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $609,000. Institutional investors own 86.55% of the company’s stock.

Shares of NYSE WMB traded up $0.09 during mid-day trading on Wednesday, hitting $26.68. The company had a trading volume of 8,317,293 shares, compared to its average volume of 9,351,408. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.79. Williams Companies has a 12 month low of $24.00 and a 12 month high of $33.67. The stock has a market cap of $22.51 billion, a PE ratio of 42.35, a PEG ratio of 4.61 and a beta of 1.53.

The company also recently announced a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Friday, September 7th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend was Thursday, September 6th. Williams Companies’s dividend payout ratio (DPR) is currently 215.87%.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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