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Stock Market & Financial Investment News

News Breaks
July 1, 2014
13:14 EDTWMB, WPZ, ACMPWilliams completes acquisition of interest in Access Midstream
Williams (WMB) said it completed the previously announced acquisition of the 50% general partner interest and 55.1M limited partner units in Access Midstream Partners (ACMP). Williams now owns 100% of the general partner and approximately 50% of the limited partner units in Access Midstream Partners. As previously announced, Williams is proposing the merger of Williams Partners L.P. (WPZ) with and into Access Midstream Partners. Assuming the merger is completed in 2014, the merged MLP is expected to have a 2015 distribution increase of at least 25% above Access Midstream Partnersí current guidance of $2.79 per unit, which represents an increase of more than 40% above current 2014 distribution guidance. The merged partnership is expected to have a growth rate of 10%-12% annually through 2017. Distribution coverage is estimated to be approximately 1.2x in 2015 and at or above 1.1x through 2017. Williams previously announced plans to increase its Q3 dividend 32% to 56c, or $2.24 on an annualized basis.
News For WMB;ACMP;WPZ From The Last 14 Days
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March 4, 2015
13:37 EDTWMBOptions with increasing volume
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February 25, 2015
16:38 EDTWPZWilliams Partners files to sell $1B of common units representing limited partner
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16:37 EDTWPZWilliams Partners files automatic mixed securities shelf for limited partners
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February 24, 2015
10:00 EDTWMB, WPZOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
06:16 EDTWMB, WPZWilliams Partners downgraded to Neutral from Buy at Citigroup
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06:14 EDTWMBWilliams downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Williams to Neutral saying management should consider building coverage, which would cause distribution growth to fall behind EBITDA growth. Citi believes the valuation reflects what the company has accomplished. It raised its price target for shares to $52 from $49.

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