Williams Partners L.P. (WPZ) Sees Unusually-High Trading Volume
Shares of Williams Partners L.P. (NYSE:WPZ) saw an uptick in trading volume on Thursday . 3,749,816 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 1,999,262 shares.The stock last traded at $35.35 and had previously closed at $35.06.
A number of research firms have recently weighed in on WPZ. Jefferies Group restated a “buy” rating and set a $40.00 target price (up previously from $39.00) on shares of Williams Partners L.P. in a research report on Wednesday, June 8th. TheStreet upgraded Williams Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Raymond James Financial Inc. downgraded Williams Partners L.P. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 3rd. Evercore Partners Inc. boosted their target price on Williams Partners L.P. from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research downgraded Williams Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $38.40.
The stock has a 50 day moving average of $35.82 and a 200-day moving average of $27.47. The company’s market cap is $21.05 billion.
Williams Partners L.P. (NYSE:WPZ) last posted its quarterly earnings data on Monday, August 1st. The company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.67. Equities research analysts expect that Williams Partners L.P. will post $0.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were paid a $0.85 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $3.40 annualized dividend and a dividend yield of 9.51%.
A hedge fund recently raised its stake in Williams Partners L.P. stock. Jennison Associates LLC boosted its stake in shares of Williams Partners L.P. (NYSE:WPZ) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,192 shares of the company’s stock after buying an additional 15,075 shares during the period. Jennison Associates LLC’s holdings in Williams Partners L.P. were worth $2,484,000 as of its most recent filing with the SEC.
Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.
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