26.99 0.00 (0.00%)
After hours: 4:44PM EDT
|Bid||26.41 x 800|
|Ask||28.19 x 800|
|Day's Range||26.57 - 27.09|
|52 Week Range||24.00 - 33.67|
|PE Ratio (TTM)||10.30|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.36 (5.32%)|
|1y Target Est||33.89|
Williams Companies’ (WMB) 30-day implied volatility was 20.7% on May 22, significantly lower than its 15-day average of 26.0%. The sudden decline in Williams Companies’ volatility can be attributed to the expectation of improvement in the company’s credit profile and coverage position following its completion of a simplification transaction with Williams Partners (WPZ).
Williams Companies (WMB) has continued to trade above its 50-day moving average for most of May. However, the C corporation has been unable to climb above its 200-day moving average since February.
Investors seeking both high income and low taxes poured billions of dollars into publicly traded energy master limited partnerships. Now many have tax headaches—surprisingly big bills from Uncle Sam and return preparers. In these deals, known as roll-ups, the corporation sponsoring an MLP pulls it back into the corporate fold, and MLP investors exchange their units for corporate stock.
The API released its US gasoline and distillate inventory data on May 22. The API reported that US gasoline inventories increased by ~0.98 MMbbls on May 11–18. Reuters estimates that US gasoline inventories could have declined by ~1.38 MMbbls during the same period.
Williams Companies' (WMB) offer to absorb the rest of its midstream partnership for $10.5 billion is expected to ease its organizational structure and improve its credit profile.
The number of institutional holders in Energy Transfer Equity (ETE) had fallen to 433 at the end of the first quarter compared to 438 in the previous quarter.
LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free research report on The Williams Cos., Inc. (NYSE: WMB) ("WMB"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WMB as the Company's latest news hit the wire. On May 17, 2018, the Company announced its plans to acquire all outstanding units of Williams Partners L.P. (NYSE: WPZ) ("WPZ").
Williams Companies will purchase all of the outstanding public common units of Williams Partners as part of an agreement announced Thursday. The stock-for-unit transaction is valued at $10.5 billion, the Tulsa World reported . The announcement follows a Federal Energy Regulatory Commission decision earlier this year to revise a tax policy permitting master limited partnership interstate oil and natural gas pipelines to maintain an income tax allowance in cost-of-service rates.
In a bid to simplify their corporate structure, amid FERC tax overhaul, three leading energy companies announce merger deals to snap up the remaining stake of their midstream subsidiaries.
NEW YORK , May 17, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Williams Partners L.P. ("WPZ" ...
Energy Transfer Partners (ETP) and Energy Transfer Equity’s (ETE) weak financial positions have been a concern. Energy Transfer Partners ended the first quarter with a total outstanding debt of $33.5 billion—a 1.3% increase compared to the total debt at the end of 2017. At the same time, Energy Transfer Equity reported total outstanding debt of $42.2 billion at the consolidated level.
Williams Partners (WPZ) rallied 7% early yesterday following a merger announcement with its GP, Williams Companies (WMB). The c-corp GP has agreed to acquire all the outstanding units of the MLP in a stock-for-unit deal valued at $10.5 billion.
Observers of natural gas pipeline operator Williams Cos. are applauding its announcement this morning that it's buying the units it doesn't already own of master limited partnership Williams Partners for $10.5 billion. Williams Cos. – which is led by CEO Alan Armstrong – originally agreed to buy Williams Partners back in 2015 for $13.8 billion, but then called it off when it agreed to be acquired by Energy Transfer Equity for $37.7 billion. Then that deal fell apart after a Delaware judge ruled that Energy Transfer Equity could back out because of unfavorable tax advantages.
School officials hope privately-owned land adjacent to the campus will be used to complement the school's academic mission.
Two deals involving seven entities will further the pipeline sector's streamlining wave -- and hint at more to come.
Moody's Investors Service (Moody's) placed the ratings of The Williams Companies, Inc. (Williams) under review for upgrade, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR), and the Ba2 senior unsecured ratings. Moody's also changed the rating outlooks to stable from positive for Williams Partners, LP (WPZ) and its wholly-owned pipeline subsidiaries, Northwest Pipeline GP (Northwest) and Transcontinental Gas Pipeline Company, LLC (Transco).
Pipeline operator The Williams Cos. said on Thursday it will buy all outstanding shares of its master limited partnership William Partners for $10.5 billion.
Pipeline operator The Williams Cos. WMB said on Thursday it would buy the remaining 26 percent stake that it does not already own in its master limited partnership, William Partners WPZ , for $10.5 billion. Williams would give 1.494 of its shares for each share of Williams Partners, with the offer representing a premium of 6.4 percent based on Wednesday's closing price. The deal simplifies Williams' corporate structure, streamlines governance and maintains investment-grade credit ratings, the company said.
Shares of Williams Companies shot up 5.8% in premarket trade Thursday, after the natural gas infrastructure company announced a deal to buy the outstanding common shares of Williams Partners LP in a deal ...
Williams Companies said the all-stock deal would fold the 256 million outstanding shares of Williams Partners into the parent at a ratio of 1.494 Williams Co. shares for each partnership unit. Based on that ratio, the companies said, Williams Co. will issue 382.5 new shares in connection with the deal, which it nonetheless said would be immediately cash accretive and open shareholders to new dividends. "This strategic transaction will provide immediate benefits to Williams and Williams Partners investors (and) also simplifies our corporate structure, streamlines governance and maintains investment-grade credit rating," said CEO Alan Armstrong.
Pipeline operator Williams Cos said on Thursday it will buy all outstanding shares of its master limited partnership William Partners LP for $10.5 billion. The offer represents a premium of 6.4 percent ...
Williams (WMB) and Williams Partners L.P. (WPZ) today announced an agreement under which Williams will acquire all of the outstanding public common units of Williams Partners in an all stock-for-unit transaction at a 1.494 ratio of Williams common shares per unit of Williams Partners. In a Williams and Williams Partners joint news release on March 16, 2018, Williams and Williams Partners indicated the potential for a corporate restructuring in response to the Federal Energy Regulatory Commission’s (“FERC”) March 15, 2018, issuance of a revised policy statement that reversed the FERC’s 2005 income tax policy that permitted master limited partnership (MLP) interstate oil and natural gas pipelines to maintain an income tax allowance in cost-of-service rates.
Three leading US energy infrastructure businesses made moves to simplify their corporate structures on Thursday, after tax and regulatory changes and rising interest rates upended the economics of putting oil and gas pipelines into arms-length partnerships. The $20bn flurry of deals came after the US Federal Energy Regulatory Commission said it would reduce the tax benefits for pipelines held by master limited partnerships (MLPs) — a type of vehicle that had once been a favourite of investors looking for high dividends. agreed to purchase the 26 per cent of its Williams Partners MLP that it does not already own for $10.5bn.