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 changed hands during 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 analysts have recently commented on the company. TheStreet upgraded Williams Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Jefferies Group restated a “buy” rating and issued a $40.00 price target (up from $39.00) on shares of Williams Partners L.P. in a report on Wednesday, June 8th. Raymond James Financial Inc. lowered Williams Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 3rd. Evercore Partners Inc. boosted their price target on Williams Partners L.P. from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Finally, Zacks Investment Research lowered Williams Partners L.P. from a “hold” rating to a “strong sell” rating in a report on Saturday, June 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.80.
The firm’s market cap is $20.72 billion. The firm has a 50-day moving average price of $35.79 and a 200 day moving average price of $27.43.
Williams Partners L.P. (NYSE:WPZ) last released its quarterly earnings data on Monday, August 1st. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.67. On average, analysts forecast that Williams Partners L.P. will post $0.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 9.66%.
A hedge fund recently raised its stake in Williams Partners L.P. stock. Jennison Associates LLC boosted its stake in Williams Partners L.P. (NYSE:WPZ) by 20.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.
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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