Williams Partners (WPZ) Releases Quarterly Earnings Results, Hits Expectations

Williams Partners (NYSE:WPZ) posted 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 return on equity of 5.55% and a net margin of 17.02%.

Williams Partners (NYSE WPZ) opened at $40.43 on Thursday. The stock has a market capitalization of $39,235.25, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99. Williams Partners has a 52-week low of $34.74 and a 52-week high of $44.06.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, February 1st. Williams Partners’s payout ratio is 157.90%.

Several equities research analysts have recently weighed in on the company. Barclays downgraded Williams Partners from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $47.00 to $45.00 in a report on Wednesday, January 17th. Credit Suisse Group assumed coverage on Williams Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $48.00 price objective for the company. US Capital Advisors raised Williams Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Jefferies Group reissued a “buy” rating and issued a $45.00 price objective on shares of Williams Partners in a report on Wednesday, December 20th. Finally, Stifel Nicolaus set a $45.00 price target on Williams Partners and gave the stock a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.90.

In other 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 Securities & Exchange Commission, which is accessible through this link.

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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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