Investors bought shares of Williams Partners LP (NYSE:WPZ) on weakness during trading on Friday. $1,506.27 million flowed into the stock on the tick-up and $56.73 million flowed out of the stock on the tick-down, for a money net flow of $1,449.54 million into the stock. Of all companies tracked, Williams Partners had the highest net in-flow for the day. Williams Partners traded down ($0.18) for the day and closed at $47.37
A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Williams Partners from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Royal Bank of Canada restated a “hold” rating and issued a $48.00 price objective on shares of Williams Partners in a research report on Friday, August 3rd. Barclays set a $46.00 price objective on shares of Williams Partners and gave the company a “hold” rating in a research report on Saturday, May 19th. Seaport Global Securities assumed coverage on shares of Williams Partners in a research report on Wednesday, April 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Stifel Nicolaus set a $41.00 price objective on shares of Williams Partners and gave the company a “buy” rating in a research report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Williams Partners currently has an average rating of “Buy” and a consensus price target of $44.74.
The company has a market cap of $46.44 billion, a price-to-earnings ratio of 32.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.83.
Williams Partners (NYSE:WPZ) last announced its earnings results on Wednesday, August 1st. The pipeline company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Williams Partners had a net margin of 8.49% and a return on equity of 5.99%. equities analysts predict that Williams Partners LP will post 1.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Friday, August 3rd were paid a dividend of $0.629 per share. This is a positive change from Williams Partners’s previous quarterly dividend of $0.61. The ex-dividend date was Thursday, August 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.31%. Williams Partners’s payout ratio is presently 152.73%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in Williams Partners by 5.8% during the second quarter. Alps Advisors Inc. now owns 21,158,396 shares of the pipeline company’s stock worth $858,819,000 after acquiring an additional 1,162,896 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Williams Partners by 8.5% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 19,760,408 shares of the pipeline company’s stock worth $802,075,000 after acquiring an additional 1,551,199 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Williams Partners by 20.2% during the second quarter. CIBC Private Wealth Group LLC now owns 9,835,642 shares of the pipeline company’s stock worth $399,230,000 after acquiring an additional 1,653,770 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in Williams Partners by 21.7% during the first quarter. Atlantic Trust Group LLC now owns 8,181,872 shares of the pipeline company’s stock worth $281,702,000 after acquiring an additional 1,456,895 shares in the last quarter. Finally, Brookfield Asset Management Inc. boosted its stake in Williams Partners by 2,635.6% during the first quarter. Brookfield Asset Management Inc. now owns 6,016,577 shares of the pipeline company’s stock worth $207,151,000 after acquiring an additional 5,796,638 shares in the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.
Williams Partners Company Profile
Williams Partners L.P. operates as an energy infrastructure company. It operates through Northeast G&P, Atlantic-Gulf, and West segments. The Northeast G&P segment engages in natural gas gathering, compression, processing, and NGL fractionation businesses in the Marcellus and Utica shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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