Williams Partners LP (NYSE:WPZ) declared a quarterly dividend on Monday, July 24th, RTT News reports. Shareholders of record on Friday, August 4th will be given a dividend of 0.60 per share by the pipeline company on Friday, August 11th. This represents a $2.40 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Wednesday, August 2nd.

Williams Partners has decreased its dividend payment by an average of 0.1% annually over the last three years. Williams Partners has a payout ratio of 136.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Williams Partners to earn $1.83 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 131.1%.

Shares of Williams Partners (NYSE WPZ) opened at 39.42 on Monday. Williams Partners has a 12 month low of $32.93 and a 12 month high of $42.32. The firm has a market capitalization of $37.68 billion, a P/E ratio of 23.68 and a beta of 1.43. The stock has a 50 day moving average price of $39.76 and a 200 day moving average price of $40.27.

Williams Partners (NYSE:WPZ) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.09. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, analysts expect that Williams Partners will post $0.76 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a report on Friday, July 21st. Barclays PLC upgraded shares of Williams Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. Jefferies Group LLC upgraded shares of Williams Partners from a “hold” rating to a “buy” rating and upped their price target for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $44.77.

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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 segment.

Dividend History for Williams Partners (NYSE:WPZ)

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