Williams Companies, Inc. (The) $WMB Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lowered its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,788,100 shares of the pipeline company’s stock after selling 78,000 shares during the quarter. Williams Companies accounts for 5.6% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 3rd biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Williams Companies were worth $121,537,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

WMB has been the subject of several recent analyst reports. Barclays assumed coverage on Williams Companies in a research note on Thursday, October 1st. They issued an “overweight” rating and a $82.00 price target for the company. Melius Research initiated coverage on shares of Williams Companies in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $84.00 price target for the company. Capital One Financial initiated coverage on Williams Companies in a research report on Tuesday, September 22nd. They set an “overweight” rating and a $92.00 price objective for the company. Royal Bank Of Canada raised their price target on Williams Companies from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Stifel Nicolaus started coverage on shares of Williams Companies in a report on Thursday, September 10th. They issued a “buy” rating and a $85.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $86.06.

Williams Companies Stock Performance

Shares of WMB opened at $71.75 on Tuesday. The company has a 50-day simple moving average of $72.20 and a 200-day simple moving average of $71.94. Williams Companies, Inc. has a 52-week low of $56.19 and a 52-week high of $80.07. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.83. The company 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.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. Equities research analysts predict that Williams Companies, Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Terrance Wilson sold 13,000 shares of Williams Companies stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the transaction, the senior vice president directly owned 268,159 shares in the company, valued at $20,077,064.33. The trade was a 4.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 19,000 shares of company stock worth $1,401,430. Insiders own 0.47% of the company’s stock.

About Williams Companies

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.