Williams Partners LP (NYSE:WPZ) announced a quarterly dividend on Monday, July 24th, RTT News reports. Shareholders of record on Friday, August 4th will be given a dividend of 0.60 per share by the pipeline company on Friday, August 11th. This represents a $2.40 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Wednesday, August 2nd.
Williams Partners has decreased its dividend payment by an average of 0.1% annually over the last three years. Williams Partners has a payout ratio of 136.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Williams Partners to earn $1.76 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 136.4%.
Williams Partners (WPZ) opened at 38.66 on Friday. The company has a 50-day moving average price of $40.10 and a 200 day moving average price of $40.22. Williams Partners has a 1-year low of $32.93 and a 1-year high of $42.32. The stock has a market capitalization of $36.95 billion, a P/E ratio of 23.25 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.13 billion. On average, equities analysts predict that Williams Partners will post $0.76 EPS for the current year.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Williams Partners from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut shares of Williams Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a research note on Friday, July 21st. Barclays PLC raised shares of Williams Partners from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $44.00 to $47.00 in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC raised shares of Williams Partners from a “hold” rating to a “buy” rating and raised their price objective for the company from $42.00 to $44.00 in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Williams Partners has an average rating of “Buy” and a consensus price target of $44.77.
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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.
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