CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Trims Stock Position in Williams Companies, Inc. (The) $WMB

Key Points

• CUSHING ASSET MANAGEMENT LP reduced its stake in Williams Companies by 11.6% during the second quarter, holding 1,191,100 shares after selling 155,947 shares.
• Several institutional investors, including Goldman Sachs and Voya Investment Management, significantly increased their stakes in Williams Companies in the first quarter, with Goldman Sachs raising its ownership by 45%.
• The company announced a quarterly dividend of $0.50 per share, with an annualized yield of 3.3%, despite a recent earnings miss for the quarter reported at $0.46 EPS.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 11.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,191,100 shares of the pipeline company's stock after selling 155,947 shares during the period. Williams Companies comprises approximately 4.3% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's investment portfolio, making the stock its 8th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.10% of Williams Companies worth $74,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Flaharty Asset Management LLC acquired a new position in Williams Companies during the 1st quarter worth approximately $25,000. Menard Financial Group LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at approximately $26,000. HWG Holdings LP acquired a new stake in Williams Companies during the first quarter worth approximately $26,000. Saudi Central Bank acquired a new position in shares of Williams Companies in the first quarter worth approximately $29,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 86.44% of the company's stock.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the transaction, the senior vice president directly owned 311,645 shares in the company, valued at $17,956,984.90. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Larry C. Larsen sold 4,500 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $58.47, for a total value of $263,115.00. Following the sale, the chief operating officer directly owned 77,612 shares in the company, valued at $4,537,973.64. This represents a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock worth $623,115 over the last 90 days. Insiders own 0.44% of the company's stock.

Williams Companies Stock Up 0.2%

Shares of WMB traded up $0.10 during mid-day trading on Monday, hitting $60.21. 4,790,985 shares of the company's stock were exchanged, compared to its average volume of 6,144,413. The stock has a market cap of $73.42 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 2.01 and a beta of 0.65. Williams Companies, Inc. has a twelve month low of $44.56 and a twelve month high of $63.45. The firm has a fifty day moving average of $58.19 and a two-hundred day moving average of $58.56. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.73.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $0.43 EPS. Williams Companies's revenue for the quarter was up 19.0% on a year-over-year basis. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. On average, sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a $0.50 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

Analyst Ratings Changes

WMB has been the topic of several research reports. Cibc World Mkts raised shares of Williams Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Argus reaffirmed a "buy" rating and issued a $66.00 price objective on shares of Williams Companies in a research note on Thursday, August 14th. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. CIBC raised shares of Williams Companies from a "neutral" rating to a "sector outperform" rating and set a $64.00 price target for the company in a report on Friday, August 15th. Finally, Wells Fargo & Company increased their price objective on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.07.

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.