Kayne Anderson Energy Infrastructure Fund (KYN) reported net assets of $2.8 billion and a net asset value per share of $16.28 as of March 31, 2026. The fund maintains strong asset coverage ratios of 712% for debt and 538% for total leverage. The portfolio is heavily concentrated in midstream energy companies, with top holdings including Enterprise Products Partners, Energy Transfer LP, and Williams Companies.
Williams Companies Inc. (WMB)
Williams operates the Transco pipeline, which connects the Gulf Coast to the Northeast United States. It has additional natural gas transmission pipelines connecting the Rockies to the Pacific Northwest and midcontinent. At the field level, it operates substantial gathering and processing assets in Appalachia and other basins. The company has also struck several power supply agreements.
Company Info
Highlights
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Williams Companies Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Williams Companies Inc. (WMB) has returned 19.78% so far this year and 36.78% over the past 12 months. Looking at the last ten years, WMB has achieved an annualized return of 16.66%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
WMB
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of Williams Companies Inc. (WMB) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.89% | 12.55% | -4.55% | 0.35% | ||||||||
| 2025 | 1.71% | 5.94% | 2.17% | -1.61% | 3.95% | 2.70% | -4.14% | -3.02% | 10.15% | -8.38% | 4.64% | -0.99% |
| 2024 | -0.83% | 3.39% | 8.01% | -1.54% | 8.30% | 2.51% | 0.59% | 6.17% | 0.42% | 15.63% | 11.02% | -7.65% |
| 2023 | -1.44% | -5.61% | -0.67% | -0.16% | -4.47% | 13.65% | 5.51% | 0.12% | -3.41% | 2.56% | 6.58% | -5.20% |
| 2022 | 14.58% | 5.00% | 6.13% | 2.45% | 8.39% | -16.24% | 8.91% | 0.77% | -15.02% | 10.91% | 4.27% | -6.16% |
| 2021 | 4.58% | 6.58% | 2.47% | 2.78% | 7.25% | -0.64% | -7.02% | -1.44% | 5.06% | 7.91% | -5.40% | -4.65% |
| 2020 | -13.58% | -7.79% | -26.19% | 40.87% | 7.92% | -6.67% | 0.84% | 8.13% | -4.61% | -1.39% | 7.59% | -6.04% |
| 2019 | 23.53% | -1.33% | 7.24% | -1.90% | -6.95% | 5.53% | -13.06% | -8.95% | 2.82% | -7.70% | 1.56% | 3.72% |
| 2018 | 2.35% | -11.98% | -10.25% | 3.50% | 4.88% | 0.30% | 10.97% | -0.17% | -8.08% | -11.04% | 2.01% | -14.24% |
| 2017 | -8.01% | -2.28% | 2.81% | 3.48% | -6.63% | 5.87% | 4.23% | -6.71% | 0.67% | -4.49% | 0.73% | 4.10% |
| 2016 | 23.50% | 14.40% | -0.96% | 16.93% | 18.04% | 10.66% | -5.23% | 3.61% | -0.32% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Williams Companies Inc. (WMB) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of WMB compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Williams Companies Inc. volatility is 1.10%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 58.57B | 54.53B | 52.63B | 48.43B | 47.61B | 44.17B | 46.04B | 45.30B | 46.35B | 46.84B | 49.02B | 50.56B | 27.14B | 24.33B | 16.50B | 24.97B | 25.28B |
| Equity Attributable To Parent (USD) | 12.81B | 12.44B | 12.40B | 11.49B | 11.42B | 11.77B | 13.36B | 14.66B | 9.66B | 4.64B | 6.15B | 8.78B | 4.86B | 4.75B | 1.79B | 7.29B | 8.45B |
| Equity Attributable To Noncontrolling Interest (USD) | 2.19B | 2.40B | 2.49B | 2.56B | 2.68B | 2.81B | 3.00B | 1.34B | 6.52B | 9.40B | 10.08B | 11.40B | 4.06B | 2.68B | 1.29B | 1.33B | 572.00M |
| Equity (USD) | 15.00B | 14.84B | 14.89B | 14.05B | 14.10B | 14.58B | 16.36B | 16.00B | 16.18B | 14.05B | 16.23B | 20.17B | 8.92B | 7.43B | 3.08B | 8.62B | 9.02B |
| Noncurrent Liabilities (USD) | 37.47B | 34.38B | 31.91B | 29.50B | 28.54B | 27.26B | 25.71B | 27.49B | 27.53B | 29.84B | 30.30B | 27.82B | 16.24B | 15.35B | 11.74B | 13.78B | 13.78B |
| Other Current Liabilities (USD) | 3.88B | 3.41B | 4.25B | 2.35B | 3.01B | 1.69B | 3.19B | 944.00M | 1.47B | 2.10B | 1.54B | 1.54B | 896.00M | 492.00M | 857.00M | 1.51B | 1.54B |
| Wages (USD) | - | 285.00M | 197.00M | 218.00M | 214.00M | 149.00M | 226.00M | 205.00M | 202.00M | 223.00M | 215.00M | 167.00M | 127.00M | 137.00M | 127.00M | 146.00M | - |
| Accounts Payable (USD) | 2.22B | 1.61B | 1.38B | 2.33B | 1.75B | 482.00M | 552.00M | 662.00M | 978.00M | 623.00M | 744.00M | 865.00M | 960.00M | 920.00M | 691.00M | 918.00M | 934.00M |
| Current Liabilities (USD) | 6.11B | 5.31B | 5.83B | 4.89B | 4.97B | 2.32B | 3.97B | 1.81B | 2.65B | 2.95B | 2.50B | 2.57B | 1.98B | 1.55B | 1.68B | 2.57B | 2.48B |
| Liabilities (USD) | 43.58B | 39.69B | 37.74B | 34.39B | 33.51B | 29.58B | 29.68B | 29.31B | 30.18B | 32.79B | 32.80B | 30.39B | 18.22B | 16.90B | 13.42B | 16.35B | 16.26B |
| Other Non-current Assets (USD) | 13.33B | 13.18B | 13.80B | 13.75B | 13.81B | 13.81B | 15.26B | 16.33B | 15.96B | 16.95B | 7.94B | 10.14B | 5.61B | 5.23B | 2.03B | 2.17B | 2.84B |
| Intangible Assets (USD) | - | - | - | - | - | - | - | - | - | - | 9.97B | 10.45B | 1.64B | 1.70B | - | - | - |
| Fixed Assets (USD) | 42.00B | 38.69B | 34.31B | 30.89B | 29.26B | 28.93B | 29.20B | 27.50B | 28.21B | 28.43B | 29.58B | 28.08B | 18.21B | 15.47B | 12.58B | 20.27B | 18.64B |
| Noncurrent Assets (USD) | 55.33B | 51.87B | 48.11B | 44.64B | 43.06B | 42.74B | 44.46B | 43.84B | 44.17B | 45.37B | 47.49B | 48.67B | 25.46B | 22.40B | 14.61B | 22.44B | 21.49B |
| Other Current Assets (USD) | 846.00M | 519.00M | 2.58B | 754.00M | 2.19B | 294.00M | 459.00M | 342.00M | 1.09B | 386.00M | 359.00M | 520.00M | 815.00M | 1.75B | 1.73B | 2.23B | 3.57B |
| Inventory (USD) | 314.00M | 279.00M | 274.00M | 320.00M | 379.00M | 136.00M | 125.00M | 130.00M | 113.00M | 138.00M | 127.00M | 231.00M | 194.00M | 175.00M | 169.00M | 303.00M | 222.00M |
| Accounts Receivable (USD) | 2.08B | 1.86B | 1.66B | 2.72B | 1.98B | 999.00M | 996.00M | 992.00M | 976.00M | 938.00M | 1.04B | 1.14B | 674.00M | - | - | - | - |
| Current Assets (USD) | 3.24B | 2.66B | 4.51B | 3.80B | 4.55B | 1.43B | 1.58B | 1.46B | 2.18B | 1.46B | 1.53B | 1.89B | 1.68B | 1.92B | 1.89B | 2.53B | 3.79B |
| Assets (USD) | 58.57B | 54.53B | 52.63B | 48.43B | 47.61B | 44.17B | 46.04B | 45.30B | 46.35B | 46.84B | 49.02B | 50.56B | 27.14B | 24.33B | 16.50B | 24.97B | 25.28B |
News and Insights

The article recommends three high-yielding energy dividend stocks for long-term investors: Brookfield Renewable (3.8% yield with 5-9% annual dividend growth), ExxonMobil (2.6% yield with 43-year dividend growth streak and $25B earnings growth expected by 2030), and Williams Companies (2.9% yield with 52-year dividend history and 10%+ annualized earnings growth projected through 2030). All three are positioned to benefit from rising energy demand and expanding operations.
Kayne Anderson Energy Infrastructure Fund (KYN) reported net assets of $2.7 billion and a net asset value per share of $15.90 as of February 28, 2026. The fund maintains strong asset coverage ratios of 739% for debt and 549% for total leverage. The portfolio is heavily concentrated in midstream energy companies (95%), with top holdings including Williams Companies, Enterprise Products Partners, and Energy Transfer LP.

Dominion Energy and Williams Companies are positioned as tariff-resistant energy stocks due to their focus on domestic operations. Dominion benefits from data center growth in Northern Virginia with strong revenue growth (14% in 2025) and expected 5-7% annual EPS growth through 2030. Williams Companies, a midstream natural gas operator, has increased adjusted EBITDA for 13 consecutive years and raised its dividend for 52 consecutive years, with both companies offering attractive dividend yields.

The article recommends three pipeline stocks—Enbridge, Kinder Morgan, and Williams—as ideal long-term dividend investments. These companies benefit from stable, regulated cash flows and have significant expansion projects in their backlogs. With growing energy demand and AI data center electricity needs, they are positioned to deliver steadily rising dividend income for decades.

Bank of America Securities analyst Michael Feniger maintained a Buy rating on Caterpillar and raised the price target from $735 to $825, citing expected multi-year EPS recovery driven by customer capital expenditure increases, particularly from The Williams Companies. The company beat Q4 2025 earnings estimates with $19.133 billion in revenue (up 18% YoY) and adjusted EPS of $5.16 versus $4.66 expected. Technically, CAT stock is in overbought territory with RSI at 73.61 but maintains strong bullish momentum, trading at new 52-week highs.

The bull market is broadening beyond tech into cyclical and value sectors including Energy, Materials, Consumer Staples, and Industrials. Several upcoming investor days and analyst conferences from major non-tech companies in utilities, energy, industrials, and banking sectors will provide insights into Main Street economic momentum. Key events include Xcel Energy's analyst day, Williams' Q4 update, FedEx's investor day on February 12th, and JPMorgan Chase's business update on February 23rd, which could signal whether the bull market is entering a more diversified phase.
Kayne Anderson Energy Infrastructure Fund (KYN) reported net assets of $2.5 billion and a net asset value per share of $14.55 as of January 31, 2026. The fund maintains strong asset coverage ratios of 658% for debt and 495% for total leverage. The portfolio is heavily concentrated in midstream energy companies (95%), with top holdings including Enterprise Products Partners, Energy Transfer LP, and Williams Companies.

Three pipeline companies—Oneok, Kinetik Holdings, and Williams—recently increased their dividend payments and offer yields between 3% and 8%, significantly higher than the S&P 500's 1.1% yield. All three have strong growth drivers through acquisition integration, organic expansion projects, and strategic partnerships, positioning them to continue raising dividends in coming years.

Energy Transfer offers a 7.5% yield backed by strong distributable cash flow coverage of 1.8x, with solid growth prospects from $5.5B in capital projects. However, conservative income investors should be cautious due to the company's history of cutting distributions during downturns (2020) and questionable corporate decisions (2016 Williams Companies deal), making alternatives like Enterprise Products Partners and Enbridge potentially more trustworthy despite lower yields.