Williams Partners L.P. (NYSE:WPZ) – Analysts at Jefferies Group lifted their Q3 2016 EPS estimates for shares of Williams Partners L.P. in a report issued on Thursday. Jefferies Group analyst C. Sighinolfi now anticipates that the brokerage will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.11. Jefferies Group currently has a “Hold” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for Williams Partners L.P.’s FY2017 earnings at $1.31 EPS.

Other equities analysts have also issued reports about the stock. Evercore Partners Inc. lifted their price objective on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $26.00 price objective on shares of Williams Partners L.P. in a research report on Thursday, July 7th. US Capital Advisors lowered shares of Williams Partners L.P. from an “overweight” rating to a “hold” rating in a research report on Thursday, September 8th. Credit Suisse Group AG set a $38.00 price objective on shares of Williams Partners L.P. and gave the company a “hold” rating in a research report on Sunday, August 21st. Finally, Zacks Investment Research upgraded shares of Williams Partners L.P. from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 6th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Williams Partners L.P. presently has an average rating of “Hold” and an average price target of $39.00.

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

Shares of Williams Partners L.P. (NYSE:WPZ) opened at 36.79 on Monday. The company’s 50-day moving average is $37.34 and its 200-day moving average is $33.59. Williams Partners L.P. has a one year low of $12.69 and a one year high of $40.36. The company’s market cap is $21.67 billion.

Williams Partners L.P. (NYSE:WPZ) last announced its quarterly earnings data on Monday, August 1st. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.67. Williams Partners L.P. had a negative net margin of 25.63% and a positive return on equity of 0.30%.

In other news, insider John D. Seldenrust sold 9,023 shares of Williams Partners L.P. stock in a transaction on Monday, September 12th. The stock was sold at an average price of $37.67, for a total value of $339,896.41. Following the completion of the sale, the insider now directly owns 53,998 shares of the company’s stock, valued at approximately $2,034,104.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several large investors have recently added to or reduced their stakes in WPZ. Spirit of America Management Corp NY boosted its stake in Williams Partners L.P. by 24.1% in the third quarter. Spirit of America Management Corp NY now owns 330,417 shares of the company’s stock valued at $12,288,000 after buying an additional 64,230 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in shares of Williams Partners L.P. by 1.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,423,184 shares of the company’s stock worth $52,928,000 after buying an additional 20,000 shares during the period. Hollencrest Securities LLC boosted its stake in shares of Williams Partners L.P. by 1.5% in the third quarter. Hollencrest Securities LLC now owns 237,938 shares of the company’s stock worth $8,849,000 after buying an additional 3,510 shares during the period. Creative Planning boosted its stake in shares of Williams Partners L.P. by 18.5% in the third quarter. Creative Planning now owns 15,772 shares of the company’s stock worth $587,000 after buying an additional 2,458 shares during the period. Finally, Searle & CO. bought a new stake in shares of Williams Partners L.P. during the third quarter worth approximately $272,000. 36.19% of the stock is owned by institutional investors.

About Williams Partners L.P.

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

5 Day Chart for NYSE:WPZ

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