|Bid||25.87 x 21500|
|Ask||27.85 x 1800|
|Day's Range||26.86 - 27.77|
|52 Week Range||24.00 - 33.67|
|PE Ratio (TTM)||11.82|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||1.36 (4.93%)|
|1y Target Est||33.71|
Williams Partners L.P. (WPZ) today reported that construction is nearing completion on the Atlantic Sunrise pipeline project – a critical expansion of the existing Transco natural gas pipeline to connect abundant Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S. Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use.
August WTI oil futures contracts fell 0.7% in early morning trading on July 18. Brent and WTI crude oil futures rose ~0.5% and ~0.03%, respectively, on July 17.
In the previous part, we compared Energy Transfer Equity’s (ETE) current distribution yield to its historical levels. In this part, we’ll compare Energy Transfer Equity’s current valuation to its peers. Energy Transfer Equity’s current distribution yield of 6.9% is slightly higher than the peer average of 6.7%. However, Energy Transfer Equities’ distribution yield is lower than the Alerian MLP ETF (AMLP). Currently, AMLP trades at 8.2%.
These natural gas pipeline giants not only offer attractive dividends but are trading at compelling valuations, making them excellent buys right now.
Energy Transfer Equity’s (ETE) 30-day implied volatility was 27.5% as of July 11, which is higher than the 15-day average of 25.3%. The increase in Energy Transfer Equity’s implied volatility could be attributed to the recent increase in crude oil’s volatility.
The Williams Companies, Inc. (WMB) (“Williams”) and Williams Partners L.P. (WPZ) ("Williams Partners") today announced that, in connection with the previously announced merger transaction between Williams and Williams Partners (the “Merger”), the registration statement on Form S-4 (the “Registration Statement”) has been declared “effective” by the U.S. Securities and Exchange Commission (“SEC”). Williams also today announced that it has scheduled a special meeting of Williams stockholders to vote on the proposed Merger and related amendment to Williams’ Amended and Restated Certificate of Incorporation to increase the number of authorized shares of Williams common stock.
Williams and Williams Partners plan to announce their second-quarter 2018 financial results after the market closes on Wednesday, Aug. 1, 2018.
To conclude our series, we’ll discuss Wall Street analysts’ recommendations for the leading decliners in the first half of 2018 from the Energy Select Sector SPDR ETF (XLE).
In the first half of 2018, Williams Companies (WMB) was the third-lowest performer among the energy stocks in the Energy Select Sector SPDR ETF (XLE). Williams Companies owns and operates midstream gathering and processing assets, as well as interstate natural gas pipelines in the United States.
This Tuesday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Pipelines equities: The Williams Cos. Inc. (NYSE: WMB), TransCanada Corp. (NYSE: TRP), Western Gas Partners LP (NYSE: WES), and Williams Partners L.P. (NYSE: WPZ). All you have to do is sign up today for this free limited time offer by clicking the link below.
While most energy stocks have been red-hot this year thanks to higher oil prices, some have surprisingly gone in the opposite direction.
In this part, we’ll see how hedge funds are positioning themselves in the leading first-half decliners from the Energy Select Sector SPDR ETF (XLE).
Energy Transfer Equity (ETE), the MLP GP of Energy Transfer Partners (ETP) and Sunoco LP (SUN), ranks seventh among midstream companies in terms of seven-year total returns. ETP is also among the top ten.
Williams Partners (WPZ), the midstream MLP subsidiary of Williams Companies (WMB), has seen a sharp recovery from its 2016 lows.
ETE is currently trading close to the low range ($17) of analysts’ consensus target price. A total of 78.9% of analysts have rated Williams Companies (WMB) as a “buy” as of June 22, while the remaining 21.1% have rated it as a “hold.” Seaport Global last initiated coverage on WMB with a “buy” rating.
Morgan Stanley unloaded a major position in Energy Transfer Equity (ETE) during the first quarter. It sold 29.6 million shares of ETE valued at $421.1 million. Morgan Stanley was followed by BMO Capital Markets, which sold 5.5 million shares of the GP.
DALLAS , June 29, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Midstream Energy Index, a broad-based composite of North American energy infrastructure companies. Constituents ...
Energy Transfer Equity (ETE) continues to trade above both its 200-day and 50-day moving averages, which could indicate a bullish sentiment in the stock.
ONEOK (OKE) has risen 28% in 2018. The company has outperformed many of its peers. Kinder Morgan (KMI) has fallen nearly 7% year-to-date. Enterprise Products Partners (EPD) has risen 3%, while the Energy Select Sector SPDR ETF (XLE) has risen nearly 2% in 2018. Currently, ONEOK stock is trading above its 50-day and 200-day moving averages.
Energy Transfer Equity (ETE) was trading at a distribution yield of 7.1% on June 22. The GP might not increase its distribution in the remaining three quarters of 2018 following its flat distribution in the first quarter, mainly due to its high leverage. Energy Transfer Equity’s distribution coverage improved significantly in the first quarter of 2018 following the removal of its incentive distribution rights subsidies to ETP.
Williams Companies’ (WMB) net debt-to-EBITDA was 4.6x at the end of the first quarter. WMB’s leverage increased during the quarter compared to its levels at the end of last year.
Energy Transfer Equity’s (ETE) midstream MLP subsidiary, Energy Transfer Partners (ETP), expects its 2018 capex to be between $4.8 billion and $5.2 billion. At the midpoint, this represents a 15.2% fall compared to the previous year.
Energy Transfer Equity (ETE) declared a flat distribution of $0.31 per unit in the first quarter. ETE posted flat distribution despite its impressive distribution coverage due to its focus on reducing its leverage. Williams Companies (WMB) announced a quarterly dividend of $0.34 per share for the second quarter, representing a 13.3% rise compared to the same quarter of the previous year.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting WMB. WMB credit default swap spreads are within the middle of their range for the last three years.
Energy Transfer Equity’s (ETE) subsidiary, Energy Transfer Partners (ETP), has significant exposure to the prolific Permian region and has several expansion projects ongoing in the region. The region continues to experience strong drilling activity. On the other hand, Williams Companies (WMB) has little to no exposure to the prolific Permian region.