The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,190 shares of the pipeline company’s stock after selling 8,344 shares during the period. Williams Companies comprises about 2.3% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Williams Companies were worth $6,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of WMB. Rise Advisors LLC acquired a new stake in Williams Companies in the first quarter valued at approximately $27,000. Western Pacific Wealth Management LP bought a new stake in shares of Williams Companies during the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies in the 4th quarter valued at $26,000. Fairman Group LLC bought a new position in Williams Companies in the 4th quarter worth $31,000. Finally, Alaska Permanent Fund Corp bought a new stake in Williams Companies during the first quarter valued at about $46,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WMB shares. CIBC boosted their price objective on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Truist Financial raised their price target on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.50.

Williams Companies Price Performance

Shares of NYSE:WMB traded down $0.60 on Friday, hitting $43.26. The stock had a trading volume of 6,048,566 shares, compared to its average volume of 6,628,597. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.48 and a current ratio of 0.45. The company has a market capitalization of $52.72 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 6.98 and a beta of 1.05. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $45.10. The firm’s 50 day moving average price is $42.40 and its 200-day moving average price is $39.24.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the company earned $0.42 EPS. Williams Companies’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.78 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s payout ratio is presently 79.83%.

Williams Companies Profile

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.