Shares of Williams Partners LP (NYSE:WPZ) have received a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $46.28.
Several equities analysts have commented on WPZ shares. Royal Bank of Canada reiterated a “hold” rating and set a $47.00 price objective on shares of Williams Partners in a research report on Tuesday, January 16th. Stifel Nicolaus set a $48.00 price objective on shares of Williams Partners and gave the company a “buy” rating in a research report on Saturday, February 17th. UBS reiterated a “buy” rating and set a $49.00 price objective (down previously from $50.00) on shares of Williams Partners in a research report on Friday, March 2nd. Credit Suisse Group started coverage on shares of Williams Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price objective for the company. 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.
Shares of Williams Partners (WPZ) traded up $1.09 during trading hours on Friday, hitting $36.19. 2,404,617 shares of the company were exchanged, compared to its average volume of 1,661,018. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.68. Williams Partners has a 12-month low of $32.74 and a 12-month high of $44.06. The company has a market capitalization of $35,308.88, a price-to-earnings ratio of 38.91 and a beta of 1.48.
Williams Partners (NYSE:WPZ) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.05). Williams Partners had a return on equity of 6.43% and a net margin of 10.87%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. equities research analysts anticipate that Williams Partners will post 1.81 EPS for the current year.
In other news, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $38.76, for a total value of $262,405.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings 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 worth $141,452,000 after acquiring an additional 482,557 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Williams Partners by 289.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 226,881 shares of the pipeline company’s stock worth $8,826,000 after acquiring an additional 168,690 shares during the last quarter. Patten Group Inc. lifted its holdings in shares of Williams Partners by 406.1% in the 3rd quarter. Patten Group Inc. now owns 51,430 shares of the pipeline company’s stock worth $403,000 after acquiring an additional 41,268 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Williams Partners by 19.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 471,826 shares of the pipeline company’s stock worth $18,354,000 after acquiring an additional 78,301 shares during the last quarter. Finally, Kings Point Capital Management lifted its holdings in shares of Williams Partners by 11.3% in the 4th quarter. Kings Point Capital Management now owns 39,905 shares of the pipeline company’s stock worth $1,548,000 after acquiring an additional 4,041 shares during the last quarter. Hedge funds and other institutional investors own 22.13% 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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