Blue Zone Wealth Advisors LLC Purchases 1,846 Shares of The Williams Companies, Inc. (NYSE:WMB)

Blue Zone Wealth Advisors LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 166,534 shares of the pipeline company’s stock after purchasing an additional 1,846 shares during the quarter. Williams Companies makes up approximately 2.2% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Williams Companies were worth $6,490,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Morgan Stanley boosted its holdings in Williams Companies by 3.9% during the third quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after buying an additional 712,048 shares during the last quarter. Wellington Management Group LLP increased its stake in Williams Companies by 21.3% in the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after purchasing an additional 2,039,703 shares in the last quarter. Norges Bank acquired a new stake in Williams Companies in the fourth quarter worth $306,417,000. Bahl & Gaynor Inc. boosted its position in shares of Williams Companies by 7.2% during the fourth quarter. Bahl & Gaynor Inc. now owns 7,018,863 shares of the pipeline company’s stock worth $244,467,000 after purchasing an additional 473,712 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Williams Companies by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,879,547 shares of the pipeline company’s stock valued at $239,615,000 after buying an additional 166,090 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.6 %

Shares of NYSE:WMB traded up $0.26 during trading on Friday, hitting $42.50. 8,506,931 shares of the company were exchanged, compared to its average volume of 6,084,668. The Williams Companies, Inc. has a fifty-two week low of $31.98 and a fifty-two week high of $43.22. The stock has a market cap of $51.80 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 6.67 and a beta of 1.05. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a fifty day moving average price of $40.60 and a two-hundred day moving average price of $37.59.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMB. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. CIBC increased their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. UBS Group lifted their price target on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Stifel Nicolaus increased their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $41.42.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.44% of the company’s stock.

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.