Williams Partners L.P. Announces Quarterly Dividend of $0.83 (WPZ)
Williams Partners L.P. (NYSE:WPZ) declared a quarterly dividend on Tuesday, January 22nd. Stockholders of record on Friday, February 1st will be given a dividend of $0.83 per share on Friday, February 8th. This represents a $3.31 dividend on an annualized basis and a yield of 6.63%.
WPZ has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Williams Partners L.P. from $57.00 to $54.00 in a research note to investors on Friday, January 11th. They now have a “hold” rating on the stock. On a related note, analysts at Global Hunter Securities initiated coverage on shares of Williams Partners L.P. in a research note to investors on Friday, January 11th. They set a “buy” rating and a $54.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Williams Partners L.P. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 8th.
Nine equities research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “overweight” and a consensus price target of $58.77.
Williams Partners L.P. (WPZ) opened at 49.95 on Tuesday. Williams Partners L.P. (WPZ) has a 52-week low of $45.01 and a 52-week high of $65.39. The stock’s 50-day moving average is currently $48.57. The company has a market cap of $17.741 billion and a price-to-earnings ratio of 13.64.
Williams Partners L.P. last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.17. Analysts expect that Williams Partners L.P. (WPZ) will post $2.03 EPS for the current fiscal year.
Williams Partners L.P. is a limited partnership formed by The Williams Companies, Inc. (Williams). The Company was formed to own, operate and acquire a portfolio of energy assets.
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