CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Sells 78,000 Shares of Williams Companies, Inc. (The) $WMB

Key Points

• Cushing Asset Management reduced its Williams Companies position by 78,000 shares, or 4.2%, leaving it with 1.79 million shares valued at approximately $121.5 million. Williams represents 5.6% of the fund’s portfolio.
• Williams reported quarterly EPS of $0.50, in line with estimates, while revenue rose 9.8% year over year to $3.05 billion. Shares were trading near $71.75, and institutional investors owned 86.44% of the stock.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $86.06, implying potential upside from recent trading levels.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lessened its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,788,100 shares of the pipeline company's stock after selling 78,000 shares during the period. Williams Companies comprises 5.6% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's investment portfolio, making the stock its 3rd biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned 0.15% of Williams Companies worth $121,537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Main Street Group LTD bought a new stake in shares of Williams Companies during the 1st quarter worth $26,000. Allied Private Wealth LLC purchased a new position in Williams Companies in the 2nd quarter worth $28,000. Bayforest Capital Ltd bought a new position in shares of Williams Companies in the second quarter worth approximately $28,000. Cornerstone Financial Management LLC grew its position in shares of Williams Companies by 56.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 386 shares of the pipeline company's stock worth $29,000 after buying an additional 139 shares during the last quarter. Finally, James T. Borello RIA purchased a new position in shares of Williams Companies during the third quarter valued at about $27,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Up 0.1%

Shares of WMB opened at $71.75 on Tuesday. The company's fifty day moving average is $72.20 and its 200 day moving average is $71.94. Williams Companies, Inc. has a fifty-two week low of $56.19 and a fifty-two week high of $80.07. The stock has a market capitalization of $87.77 billion, a PE ratio of 28.59, a P/E/G ratio of 1.51 and a beta of 0.64. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.43 and a current ratio of 0.48.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. Williams Companies had a net margin of 25.17% and a return on equity of 18.49%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Williams Companies's revenue was up 9.8% on a year-over-year basis. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Sell-side analysts expect that Williams Companies, Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Wilson sold 2,000 shares of the company's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $67.85, for a total transaction of $135,700.00. Following the sale, the senior vice president directly owned 262,259 shares in the company, valued at approximately $17,794,273.15. This represents a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 19,000 shares of company stock valued at $1,401,430. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WMB shares. JPMorgan Chase & Co. lifted their target price on shares of Williams Companies from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Weiss Ratings restated a "buy (b)" rating on shares of Williams Companies in a research note on Monday, September 21st. Truist Financial lifted their target price on Williams Companies from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on Williams Companies from $83.00 to $87.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Finally, Stifel Nicolaus assumed coverage on Williams Companies in a research report on Thursday, September 10th. They issued a "buy" rating and a $85.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $86.06.

Williams Companies Company Profile

The Williams Companies, Inc is an energy infrastructure company headquartered in Tulsa, Oklahoma. Founded in 1908 as Williams Brothers, the company has evolved from an early pipeline contractor into a major operator of natural gas infrastructure in the United States.

Williams primarily gathers, processes, transports and stores natural gas and natural gas liquids. Its assets include interstate and regional pipelines, gas processing and fractionation facilities, storage operations, and gathering systems that connect producers with utilities, industrial customers, power generators and other energy markets.

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