Stifel Nicolaus set a $45.00 price target on Williams Partners (NYSE:WPZ) in a research note issued to investors on Friday. The brokerage currently has a buy rating on the pipeline company’s stock.
Several other brokerages have also recently issued reports on WPZ. Wells Fargo & Company lowered their target price on shares of Williams Partners from $49.00 to $45.00 and set an outperform rating on the stock in a research note on Tuesday, October 10th. Wolfe Research started coverage on shares of Williams Partners in a research note on Monday, September 25th. They set an outperform rating and a $45.00 target price on the stock. BidaskClub cut shares of Williams Partners from a hold rating to a sell rating in a research note on Thursday, September 14th. TheStreet cut shares of Williams Partners from a b- rating to a c+ rating in a research note on Monday, August 21st. Finally, BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a buy rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Williams Partners currently has an average rating of Buy and an average price target of $44.71.
Shares of Williams Partners (NYSE:WPZ) opened at $36.93 on Friday. Williams Partners has a one year low of $33.12 and a one year high of $42.32. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. The stock has a market cap of $35,960.00, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.75 and a beta of 1.45.
The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 annualized dividend and a dividend yield of 6.50%. Williams Partners’s payout ratio is 171.43%.
In other news, Director H Brent Austin purchased 1,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were purchased at an average price of $38.66 per share, with a total value of $38,660.00. Following the transaction, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan S. Armstrong purchased 5,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $35.00 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here.
Several hedge funds have recently made changes to their positions in WPZ. Captrust Financial Advisors purchased a new stake in Williams Partners in the 2nd quarter valued at about $125,000. Pathstone Family Office LLC purchased a new stake in Williams Partners in the 2nd quarter valued at about $130,000. Balentine LLC raised its holdings in Williams Partners by 10.6% in the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after buying an additional 457 shares during the period. Saratoga Research & Investment Management purchased a new stake in Williams Partners in the 3rd quarter valued at about $188,000. Finally, Penserra Capital Management LLC raised its holdings in Williams Partners by 8.3% in the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock valued at $194,000 after buying an additional 374 shares during the period. 22.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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