Williams Partners (WPZ) Set to Announce Earnings on Wednesday

Williams Partners (NYSE:WPZ) will post its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Williams Partners to post earnings of $0.44 per share for the quarter.

Williams Partners (NYSE:WPZ) opened at $40.04 on Wednesday. Williams Partners has a 52 week low of $34.74 and a 52 week high of $44.06. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The firm has a market cap of $38,990.00, a price-to-earnings ratio of 28.60, a P/E/G ratio of 2.67 and a beta of 1.43.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Thursday, February 1st. Williams Partners’s dividend payout ratio is 171.43%.

In related news, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $38.76, for a total value of $262,405.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Alan S. Armstrong purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $35.00 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here.

Several equities research analysts have issued reports on the company. Barclays downgraded Williams Partners from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $47.00 to $45.00 in a report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $47.00 price target on shares of Williams Partners in a report on Tuesday, January 16th. Credit Suisse Group assumed coverage on Williams Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price target for the company. US Capital Advisors raised Williams Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Williams Partners in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Williams Partners has a consensus rating of “Buy” and an average price target of $46.00.

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Williams Partners Company Profile

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.

Earnings History for Williams Partners (NYSE:WPZ)

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