Williams Partners (WPZ) Issues Quarterly Earnings Results

Williams Partners (NYSE:WPZ) released its quarterly earnings data on Wednesday. The pipeline company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44, reports. Williams Partners had a net margin of 17.02% and a return on equity of 5.55%.

Shares of Williams Partners (NYSE WPZ) traded up $0.14 on Wednesday, hitting $40.43. 646,649 shares of the stock traded hands, compared to its average volume of 1,520,000. Williams Partners has a 52 week low of $34.74 and a 52 week high of $44.06. The firm has a market cap of $39,370.00, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $2.40 annualized dividend and a dividend yield of 5.94%. Williams Partners’s dividend payout ratio (DPR) is 171.43%.

Several research firms have weighed in on WPZ. Barclays lowered shares of Williams Partners from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $47.00 to $45.00 in a research note on Wednesday, January 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 price objective on shares of Williams Partners in a research note on Tuesday, January 16th. Credit Suisse Group assumed coverage on shares of Williams Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $48.00 price objective on the stock. US Capital Advisors upgraded shares of Williams Partners from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Jefferies Group restated a “buy” rating and set a $45.00 price target on shares of Williams Partners in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $45.90.

In other news, insider John D. Seldenrust sold 6,770 shares of the stock in a transaction on Thursday, December 21st. The shares were 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 SEC, which is accessible through the SEC website.

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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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