Williams Partners raised to Buy at Tudor Pickering

Williams Partners (WPZ +6.4%) opens with strong gains after general partner Williams Cos. (WMB +19.4%) unveils plans to merge its midstream spinoff with and into Access Midstream Partners (ACMP -1.3%) upon completion of a $6B acquisition.

WPZ is upgraded to Buy from Hold at Tudor Pickering, which sees 20%-plus upside in the name thanks to the deal and says "long-term coverage problems are solved overnight" with the merger into "coverage-rich" ACMP.

Comments (1)
  • The Money Madam
    , contributor
    Comments (702) | Send Message
    This is good news. Williams Partners, WPZ, was one of the first Dividend Machines I profiled. While it continues to provide dividend income, the price has been weak. Perhaps that is becuase earnings have not kept up with the energetic dividend of greater than 6%. http://bit.ly/1pFIVKs TheMoneyMadam
    17 Jun 2014, 02:26 PM Reply Like
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