CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $80.50 Million Position in Williams Companies, Inc. (The) (NYSE:WMB)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,347,047 shares of the pipeline company's stock after buying an additional 12,477 shares during the quarter. Williams Companies accounts for 5.0% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's investment portfolio, making the stock its 8th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.11% of Williams Companies worth $80,500,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Williams Companies by 40.9% during the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after purchasing an additional 3,969 shares during the period. IFP Advisors Inc raised its position in shares of Williams Companies by 35.6% during the fourth quarter. IFP Advisors Inc now owns 7,181 shares of the pipeline company's stock worth $389,000 after purchasing an additional 1,885 shares during the period. NewEdge Wealth LLC raised its position in shares of Williams Companies by 4.6% during the fourth quarter. NewEdge Wealth LLC now owns 97,818 shares of the pipeline company's stock worth $5,294,000 after purchasing an additional 4,274 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Williams Companies during the fourth quarter worth approximately $170,000. Finally, New York Life Investment Management LLC raised its position in shares of Williams Companies by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 180,825 shares of the pipeline company's stock worth $9,786,000 after purchasing an additional 512 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock traded down $0.18 during trading hours on Friday, hitting $62.69. 27,809,538 shares of the company's stock traded hands, compared to its average volume of 6,939,055. Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $63.18. The stock has a market capitalization of $76.45 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 4.63 and a beta of 0.65. The company has a fifty day simple moving average of $59.39 and a 200-day simple moving average of $57.64. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $0.59 EPS. The business's revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's dividend payout ratio is presently 106.95%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Scotiabank upped their target price on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Morgan Stanley increased their price target on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research report on Friday, May 16th. Finally, Barclays increased their price target on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.25.

About Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.