Williams Partners LP (NYSE:WPZ) posted its quarterly earnings data on Wednesday. The pipeline company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.13), reports. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Thursday, November 2nd. Williams Partners’s dividend payout ratio is presently 143.71%.

WPZ has been the subject of several recent analyst reports. BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC raised shares of Williams Partners from a “hold” rating to a “buy” rating and raised their price target for the company from $42.00 to $44.00 in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Barclays PLC raised shares of Williams Partners from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.93.

In other Williams Partners news, Director H Brent Austin purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was purchased at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the transaction, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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About Williams Partners

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.

Earnings History for Williams Partners (NYSE:WPZ)

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