Williams Partners L.P. (WPZ) Given Consensus Rating of “Hold” by Analysts
Shares of Williams Partners L.P. (NYSE:WPZ) have been assigned an average rating of “Hold” from the eighteen brokerages that are presently covering the company. Eleven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $39.00.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Williams Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 6th. Stephens began coverage on shares of Williams Partners L.P. in a research report on Thursday, September 29th. They set an “overweight” rating and a $43.00 price target for the company. 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 target on shares of Williams Partners L.P. and gave the company a “hold” rating in a research report on Sunday, August 21st. Finally, Citigroup Inc. boosted their price target on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, August 12th.
In other Williams Partners L.P. news, insider John D. Seldenrust sold 9,023 shares of the business’s stock in a transaction on Monday, September 12th. The shares were 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 $2,034,104.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new position in Williams Partners L.P. during the first quarter worth about $43,289,000. Harvest Fund Advisors LLC boosted its position in Williams Partners L.P. by 19.0% in the first quarter. Harvest Fund Advisors LLC now owns 6,537,860 shares of the company’s stock worth $133,699,000 after buying an additional 1,044,910 shares during the last quarter. Spirit of America Management Corp NY boosted its position 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 worth $12,288,000 after buying an additional 64,230 shares during the last quarter. Conning Inc. boosted its position in Williams Partners L.P. by 1.2% in the second quarter. Conning Inc. now owns 201,697 shares of the company’s stock worth $6,987,000 after buying an additional 2,421 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Williams Partners L.P. by 1.3% in the second quarter. Stephens Inc. AR now owns 26,135 shares of the company’s stock worth $905,000 after buying an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 36.19% of the company’s stock.
Williams Partners L.P. (NYSE:WPZ) traded up 2.61% during mid-day trading on Wednesday, reaching $37.75. The company had a trading volume of 685,937 shares. The firm has a 50-day moving average price of $37.34 and a 200 day moving average price of $33.59. The firm’s market capitalization is $22.23 billion. Williams Partners L.P. has a 12-month low of $12.69 and a 12-month high of $40.36.
Williams Partners L.P. (NYSE:WPZ) last released 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%. Analysts expect that Williams Partners L.P. will post $0.76 EPS for the current year.
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.
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