Blue Zone Wealth Advisors LLC Has $8.62 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Blue Zone Wealth Advisors LLC reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 159,277 shares of the pipeline company’s stock after selling 1,953 shares during the quarter. Williams Companies comprises approximately 2.5% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. Blue Zone Wealth Advisors LLC’s holdings in Williams Companies were worth $8,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Quent Capital LLC purchased a new stake in Williams Companies during the 4th quarter valued at $25,000. AlphaMark Advisors LLC purchased a new stake in Williams Companies during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in Williams Companies during the 3rd quarter valued at $30,000. Financial Life Planners purchased a new stake in Williams Companies in the fourth quarter worth $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Williams Companies in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on WMB shares. Truist Financial increased their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday. UBS Group raised their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group lifted their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Mizuho lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.29.

Williams Companies Stock Performance

Shares of WMB stock opened at $57.00 on Friday. The Williams Companies, Inc. has a 12-month low of $33.03 and a 12-month high of $61.46. The firm has a market capitalization of $69.48 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The business has a 50 day simple moving average of $55.85 and a 200 day simple moving average of $51.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. On average, equities research analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

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.