Williams Partners (NYSE:WPZ) posted its earnings results on Wednesday. The pipeline company reported $0.44 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44, reports. Williams Partners had a return on equity of 5.55% and a net margin of 17.02%.
Williams Partners (NYSE WPZ) opened at $39.98 on Friday. Williams Partners has a 1-year low of $34.74 and a 1-year high of $44.06. The company has a market capitalization of $39,371.58, a P/E ratio of 26.60, a PEG ratio of 2.68 and a beta of 1.42. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, February 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.00%. Williams Partners’s dividend payout ratio (DPR) is presently 157.90%.
Several research firms recently weighed in on WPZ. US Capital Advisors upgraded Williams Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Credit Suisse Group began coverage on Williams Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $48.00 target price for the company. Royal Bank of Canada restated a “hold” rating and issued a $47.00 target price on shares of Williams Partners in a report on Tuesday, January 16th. Jefferies Group restated a “buy” rating and issued a $45.00 target price on shares of Williams Partners in a report on Wednesday, December 20th. Finally, Barclays lowered Williams Partners from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $47.00 to $45.00 in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.90.
In other news, insider John D. Seldenrust sold 6,770 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $38.76, for a total transaction of $262,405.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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About Williams Partners
Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West segment.
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