Williams (WMB), Williams Partners (WPZ) Reset Payouts as Part of Financial Repositioning

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Stifel Upgrades Williams Partners LP (WPZ) to Buy

January 10, 2017 8:07 AM EST

Stifel upgraded Williams Partners LP (NYSE: WPZ) from Hold to Buy with a price target of $43.00 (from $37.00).

Analyst Selman Akyol commented, "After market close Williams Partners L.P. announced a financial repositioning that is expected to simplify WPZs corporate structure and enhance its financial... More

Williams (WMB) Prices 65M Shares Offering at $29

January 10, 2017 6:43 AM EST

Williams (NYSE: WMB) announced that it priced a public offering of 65 million shares of Williams common stock at $29.00 per share.

Williams also granted the underwriters a 30-day option to purchase up to an additional 9.75 million shares of common stock. The offering is... More

Jefferies Downgrades Williams Companies (WMB) to Hold

January 10, 2017 6:40 AM EST

Jefferies downgraded Williams Companies (NYSE: WMB) from Buy to Hold with a price target of $32.00.

Analyst Christopher Sighinolfi commented, "Last evening, Williams announced a series of transactions aimed at simplifying its corp. structure, minimizing future equity needs, reducing leverage, improving WPZ's... More

Williams Cos. (WMB) Commences 65M Share Common Stock Offering

January 9, 2017 4:46 PM EST

Williams (NYSE: WMB) (Williams) today announced that it has commenced an underwritten public offering of 65 million shares of Williams common stock. The underwriters will be granted a 30-day option to purchase up to an additional 9.75 million shares of common stock.

Williams intends to use the net proceeds of the offering to purchase newly issued common units, representing limited... More