Williams Partners L.P. (NYSE:WPZ) announced a quarterly dividend on Tuesday, July 26th. Shareholders of record on Friday, August 5th will be paid a dividend of 0.85 per share on Friday, August 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 9.33%.
A number of brokerages have commented on WPZ. Jefferies Group downgraded shares of Williams Partners L.P. from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Monday. Citigroup Inc. began coverage on shares of Williams Partners L.P. in a research report on Friday. They issued a “neutral” rating and a $40.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating and issued a $26.00 price objective on shares of Williams Partners L.P. in a research report on Thursday, July 7th. Royal Bank Of Canada dropped their price objective on shares of Williams Partners L.P. from $54.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 30th. Finally, Zacks Investment Research downgraded shares of Williams Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.44.
Shares of Williams Partners L.P. (NYSE:WPZ) traded down 0.19% during mid-day trading on Tuesday, reaching $36.43. 886,158 shares of the company were exchanged. The company’s 50-day moving average is $34.76 and its 200 day moving average is $25.99. The firm’s market capitalization is $21.44 billion. Williams Partners L.P. has a 12 month low of $12.69 and a 12 month high of $48.10.
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.
