Wall Street brokerages expect that Williams Partners LP (NYSE:WPZ) will post earnings per share (EPS) of $0.36 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Williams Partners’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.55. Williams Partners reported earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year-over-year growth rate of 820%. The company is expected to report its next quarterly earnings report on Monday, August 7th.
On average, analysts expect that Williams Partners will report full-year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.93. For the next year, analysts expect that the firm will post earnings of $1.63 per share, with EPS estimates ranging from $0.96 to $2.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Williams Partners.
Several brokerages have weighed in on WPZ. Citigroup Inc raised Williams Partners from a “neutral” rating to a “buy” rating and increased their price objective for the company from $41.00 to $46.00 in a report on Friday, April 7th. BMO Capital Markets set a $47.00 target price on Williams Partners and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada restated a “hold” rating and set a $43.00 target price on shares of Williams Partners in a research report on Friday, March 24th. Wells Fargo & Co upgraded Williams Partners from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 11th. Finally, Jefferies Group LLC restated a “hold” rating and set a $39.00 target price on shares of Williams Partners in a research report on Wednesday, January 11th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $42.06.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of Williams Partners during the first quarter worth about $127,000. WFG Advisors LP boosted its stake in Williams Partners by 1,606.6% in the fourth quarter. WFG Advisors LP now owns 30,138 shares of the pipeline company’s stock valued at $150,000 after buying an additional 28,372 shares during the last quarter. Good Life Advisors LLC acquired a new stake in Williams Partners during the fourth quarter valued at about $254,000. BOKF NA boosted its stake in Williams Partners by 2.4% in the third quarter. BOKF NA now owns 6,887 shares of the pipeline company’s stock valued at $257,000 after buying an additional 162 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new stake in Williams Partners during the fourth quarter valued at about $260,000. 34.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Williams Partners (NYSE:WPZ) traded up 3.50% on Wednesday, hitting $40.47. The stock had a trading volume of 955,031 shares. The company has a 50-day moving average of $40.68 and a 200 day moving average of $38.70. The company’s market capitalization is $38.67 billion. Williams Partners has a 52 week low of $26.12 and a 52 week high of $42.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, May 5th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.93%. Williams Partners’s dividend payout ratio (DPR) is currently -115.65%.
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, and Natural gas liquid (NGL) & Petchem Services segments.
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