Shares of Williams Partners LP (NYSE:WPZ) have been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $45.17.
Several equities analysts have weighed in on WPZ shares. BidaskClub cut Williams Partners from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Wolfe Research started coverage on Williams Partners in a report on Monday, September 25th. They set an “outperform” rating and a $45.00 price target for the company. Wells Fargo & Co cut their price target on Williams Partners from $49.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Jefferies Group restated a “buy” rating and set a $44.00 price target on shares of Williams Partners in a report on Monday, October 16th.
In other news, insider John D. Seldenrust sold 6,770 shares of Williams Partners stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $38.76, for a total value of $262,405.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan S. Armstrong bought 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.
Several hedge funds have recently modified their holdings of the stock. Atlantic Trust Group LLC lifted its stake in shares of Williams Partners by 5.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 5,692,694 shares of the pipeline company’s stock worth $221,444,000 after acquiring an additional 291,284 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Williams Partners by 4.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 665,201 shares of the pipeline company’s stock worth $25,876,000 after acquiring an additional 28,096 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Williams Partners by 75.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 177,700 shares of the pipeline company’s stock worth $6,913,000 after acquiring an additional 76,673 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of Williams Partners during the 3rd quarter worth approximately $1,743,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Williams Partners by 102.6% during the 3rd quarter. GSA Capital Partners LLP now owns 25,221 shares of the pipeline company’s stock worth $981,000 after acquiring an additional 12,774 shares during the last quarter. 22.47% of the stock is owned by hedge funds and other institutional investors.
Williams Partners (NYSE:WPZ) traded up $0.03 during midday trading on Tuesday, reaching $41.33. The company’s stock had a trading volume of 1,672,246 shares, compared to its average volume of 1,560,000. The stock has a market cap of $40,250.00, a PE ratio of 29.52, a PEG ratio of 2.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99. Williams Partners has a fifty-two week low of $34.74 and a fifty-two week high of $42.32.
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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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