X
<

Williams Companies Outperformed AMLP Last Week: What’s Next?

PART:
1 2 3 4 5
Williams Companies Outperformed AMLP Last Week: What’s Next? PART 1 OF 5

Williams Companies Outperformed AMLP Last Week: What’s Next?

Williams Companies’ weekly performance

Williams Companies (WMB) outperformed the sector ETF, the Alerian MLP ETF (AMLP), and the SPDR S&P 500 ETF (SPY) (SPX-INDEX) in the week ended May 12. WMB rose 0.2% last week. At the same time, AMLP was flat while SPY fell 0.2%. WMB forms 0.12% of SPY.

Williams Companies Outperformed AMLP Last Week: What’s Next?

Interested in AMLP? Don't miss the next report.

Receive e-mail alerts for new research on AMLP

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Williams Companies’ outperformance relative to AMLP could be due to several positive upsides during the week. These factors include a rating upgrade, Williams Companies’ appeal to the White House to clear the blocked $925 million Constitution Pipeline, and the positive support received for the Atlantic Sunrise project from various communities.

Williams Companies’ YTD returns

WMB has lost 2.6% YTD (year-to-date). In comparison, WMB’s peers TransCanada Corporation (TRP) and Enterprise Products Partners (EPD) have gained 2.8% and 0.2%, respectively. AMLP has lost 2.9% in 2017.

Williams Companies’ weak YTD performance can be attributed to the sharp decline in its stock price following the financial reorganization announcement, which included removal of IDRs from Williams Partners’ (WPZ) capital structure, conversion of the economic GP (general partner) interest in WPZ to noneconomic GP interest, and WPZ’s distribution cut.

These measures are negative for Williams Companies in the short term. However, the company expects to benefit from it in the long term.

Series overview

In this series, we’ll discover whether Williams Companies (WMB) can gain upward momentum from here. We’ll look into WMB’s technical indicators, including moving averages and implied volatility. We’ll also look into WMB’s valuation and analyst projections.

X

Please select a profession that best describes you: