Investors Sell Shares of Williams Partners L.P. (WPZ) on Strength (WPZ)
Investors sold shares of Williams Partners L.P. (NYSE:WPZ) on strength during trading on Tuesday. $13.51 million flowed into the stock on the tick-up and $39.99 million flowed out of the stock on the tick-down, for a money net flow of $26.48 million out of the stock. Of all stocks tracked, Williams Partners L.P. had the 0th highest net out-flow for the day. Williams Partners L.P. traded up $0.48 for the day and closed at $36.67
WPZ has been the topic of a number of recent analyst reports. Raymond James Financial Inc. raised shares of Williams Partners L.P. from a “market perform” rating to an “outperform” rating in a research note on Friday, May 6th. Sanford C. Bernstein initiated coverage on shares of Williams Partners L.P. in a research note on Wednesday, May 11th. They set an “outperform” rating and a $40.00 price target on the stock. Bank of America Corp. reaffirmed a “buy” rating and set a $37.00 price target (up previously from $28.00) on shares of Williams Partners L.P. in a research note on Wednesday, June 8th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price target (up previously from $39.00) on shares of Williams Partners L.P. in a research note on Wednesday, June 8th. Finally, TheStreet raised shares of Williams Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Williams Partners L.P. currently has an average rating of “Hold” and an average target price of $38.60.
The firm has a 50-day moving average of $36.23 and a 200 day moving average of $28.47. The company’s market capitalization is $21.60 billion.
Williams Partners L.P. (NYSE:WPZ) last announced its quarterly earnings data on Monday, August 1st. The company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.67. On average, equities research analysts predict that Williams Partners L.P. will post $0.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date was Wednesday, August 3rd.
A hedge fund recently raised its stake in Williams Partners L.P. stock. Jennison Associates LLC increased its position in shares of Williams Partners L.P. (NYSE:WPZ) by 20.3% during the fourth quarter, according to its most recent 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 SEC filing.
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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