CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Acquires 9,000 Shares of Williams Companies, Inc. (The) $WMB

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,200,100 shares of the pipeline company’s stock after purchasing an additional 9,000 shares during the quarter. Williams Companies makes up approximately 4.3% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 8th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.10% of Williams Companies worth $76,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Williams Companies during the 2nd quarter worth $765,164,000. BROOKFIELD Corp ON boosted its position in shares of Williams Companies by 190.3% in the 2nd quarter. BROOKFIELD Corp ON now owns 12,028,186 shares of the pipeline company’s stock worth $755,490,000 after purchasing an additional 7,884,730 shares during the last quarter. Invesco Ltd. grew its stake in shares of Williams Companies by 27.3% during the second quarter. Invesco Ltd. now owns 14,417,821 shares of the pipeline company’s stock worth $905,583,000 after purchasing an additional 3,089,390 shares during the period. Artisan Partners Limited Partnership increased its holdings in Williams Companies by 39.0% in the second quarter. Artisan Partners Limited Partnership now owns 6,954,733 shares of the pipeline company’s stock valued at $436,827,000 after purchasing an additional 1,950,485 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Williams Companies by 275.7% in the first quarter. Voya Investment Management LLC now owns 2,609,318 shares of the pipeline company’s stock valued at $155,933,000 after buying an additional 1,914,730 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Up 0.6%

Williams Companies stock opened at $60.15 on Wednesday. The company has a 50 day moving average of $59.61 and a 200-day moving average of $59.63. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a twelve month low of $51.58 and a twelve month high of $65.55. The stock has a market capitalization of $73.45 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a net margin of 20.61% and a return on equity of 16.74%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is presently 103.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WMB shares. Jefferies Financial Group decreased their target price on Williams Companies from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Williams Companies in a report on Monday. Barclays boosted their price target on shares of Williams Companies from $65.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Finally, BMO Capital Markets lowered their price objective on shares of Williams Companies from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.21.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $61.90, for a total value of $123,800.00. Following the sale, the senior vice president owned 297,545 shares in the company, valued at approximately $18,418,035.50. The trade was a 0.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

About Williams Companies

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.