Williams Partners LP (NYSE:WPZ) Forecasted to Earn Q4 2017 Earnings of $0.49 Per Share

Williams Partners LP (NYSE:WPZ) – Stock analysts at Jefferies Group cut their Q4 2017 EPS estimates for shares of Williams Partners in a report released on Wednesday, according to Zacks Investment Research. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.53. Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Williams Partners’ Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.11 EPS, FY2019 earnings at $2.37 EPS, FY2020 earnings at $2.51 EPS and FY2021 earnings at $2.57 EPS.

A number of other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Stifel Nicolaus set a $45.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, December 1st. Wells Fargo & Co cut 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 report on Tuesday, October 10th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, US Capital Advisors upgraded shares of Williams Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.33.

Williams Partners (WPZ) traded up $0.33 on Friday, hitting $43.19. 1,944,748 shares of the stock were exchanged, compared to its average volume of 1,560,000. Williams Partners has a one year low of $34.74 and a one year high of $43.32. 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 firm has a market cap of $42,060.00, a P/E ratio of 30.85, a P/E/G ratio of 2.87 and a beta of 1.45.

In other news, CEO Alan S. Armstrong purchased 5,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $35.00 per share, for a total transaction of $175,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $38.76, for a total transaction of $262,405.20. The disclosure for this sale can be found here.

Large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Williams Partners in the 2nd quarter valued at $241,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Williams Partners by 15.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,636,305 shares of the pipeline company’s stock valued at $141,452,000 after acquiring an additional 482,557 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Williams Partners by 10.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 214,000 shares of the pipeline company’s stock valued at $8,584,000 after acquiring an additional 20,000 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Williams Partners by 36.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,065 shares of the pipeline company’s stock valued at $1,366,000 after acquiring an additional 9,015 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Williams Partners by 5.4% in the 2nd quarter. BB&T Securities LLC now owns 18,783 shares of the pipeline company’s stock valued at $753,000 after acquiring an additional 961 shares in the last quarter. Institutional investors own 22.47% of the company’s stock.

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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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Earnings History and Estimates for Williams Partners (NYSE:WPZ)

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