Williams Companies (NYSE:WMB) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Williams Companies (NYSE:WMB) posted its quarterly earnings data on Wednesday. The pipeline company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03, RTT News reports. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. Williams Companies’s revenue was down 2.4% compared to the same quarter last year. Williams Companies updated its FY 2019 guidance to $0.83-1.07 EPS.

Shares of WMB stock traded down $0.38 on Wednesday, reaching $24.64. The company had a trading volume of 18,840,000 shares, compared to its average volume of 7,259,574. The firm has a market capitalization of $30.13 billion, a PE ratio of 31.19, a PEG ratio of 4.05 and a beta of 1.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.31 and a quick ratio of 0.28. Williams Companies has a one year low of $20.36 and a one year high of $32.22. The firm has a 50-day simple moving average of $27.46.

Several research firms recently weighed in on WMB. Barclays reaffirmed a “buy” rating and set a $32.00 price objective on shares of Williams Companies in a research report on Thursday, July 18th. ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Raymond James raised shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, June 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.38.

In related news, Director Stephen I. Chazen bought 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $27.33 per share, with a total value of $273,300.00. Following the completion of the acquisition, the director now owns 45,730 shares of the company’s stock, valued at $1,249,800.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ted T. Timmermans sold 5,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the transaction, the vice president now directly owns 18,666 shares of the company’s stock, valued at approximately $486,435.96. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of WMB. Truvestments Capital LLC raised its holdings in Williams Companies by 360.6% in the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after buying an additional 750 shares during the last quarter. Legacy Advisors LLC bought a new position in Williams Companies in the 1st quarter valued at approximately $29,000. Trustcore Financial Services LLC bought a new position in Williams Companies in the 1st quarter valued at approximately $29,000. Cornerstone Advisors Inc. raised its holdings in Williams Companies by 75.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after buying an additional 562 shares during the last quarter. Finally, Liberty Wealth Management LLC bought a new position in Williams Companies in the 4th quarter valued at approximately $29,000. 88.13% 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.

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Earnings History for Williams Companies (NYSE:WMB)

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