Shares of Williams Partners LP (NYSE:WPZ) have earned an average recommendation of “Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.85.
Several equities analysts have weighed in on the company. BidaskClub cut Williams Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Williams Partners in a report on Tuesday, August 22nd. BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the company a “buy” rating in a report on Friday, October 13th. TheStreet cut Williams Partners from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Finally, Wolfe Research assumed coverage on Williams Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $45.00 price objective for the company.
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Shares of Williams Partners (WPZ) traded down 0.62% during mid-day trading on Thursday, reaching $38.34. The company’s stock had a trading volume of 488,188 shares. Williams Partners has a 52-week low of $32.93 and a 52-week high of $42.32. The firm has a market cap of $36.65 billion, a price-to-earnings ratio of 23.05 and a beta of 1.40. The firm has a 50 day moving average price of $39.25 and a 200 day moving average price of $39.73.
Williams Partners (NYSE:WPZ) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.13 billion. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. On average, equities analysts predict that Williams Partners will post $0.76 EPS for the current fiscal year.
In other Williams Partners news, Director H Brent Austin purchased 1,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was bought at an average price of $38.66 per share, with a total value of $38,660.00. Following the acquisition, the director now owns 9,958 shares of the company’s stock, valued at $384,976.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in Williams Partners during the 1st quarter worth $105,000. Captrust Financial Advisors bought a new stake in Williams Partners during the 2nd quarter worth $125,000. Pathstone Family Office LLC bought a new stake in Williams Partners during the 2nd quarter worth $130,000. Balentine LLC grew its position in Williams Partners by 10.6% during the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 457 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Williams Partners by 8.3% during the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after acquiring an additional 374 shares during the last quarter. 22.76% of the stock is owned by institutional investors.
Williams Partners Company Profile
Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West segment.
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