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Williams Partners L.P. (NYSE:WPZ) announced its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.37, American Banking News reports. During the same quarter in the previous year, the company posted $0.31 earnings per share.

Williams Partners L.P. (NYSE:WPZ) traded down 0.91% during mid-day trading on Wednesday, hitting $51.60. The stock had a trading volume of 1,108,583 shares. Williams Partners L.P. has a 52-week low of $47.59 and a 52-week high of $57.29. The stock’s 50-day moving average is $53.62 and its 200-day moving average is $51.63. The company has a market cap of $22.633 billion and a price-to-earnings ratio of 21.89.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 8th. Stockholders of record on Friday, August 1st will be given a dividend of $0.9165 per share. This represents a $3.67 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Wednesday, July 30th. This is a boost from Williams Partners L.P.’s previous quarterly dividend of $0.90.

Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Williams Partners L.P. in a research note on Tuesday, July 8th. On the ratings front, analysts at Citigroup Inc. initiated coverage on shares of Williams Partners L.P. in a research note on Monday, June 23rd. They set a “buy” rating and a $55.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Williams Partners L.P. from $56.00 to $59.00 in a research note on Thursday, June 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.01.

Williams Partners L.P. focuses on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NYSE:WPZ) fractionation, and oil transportation.

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