Williams Partners L.P. (WPZ) Given Consensus Recommendation of “Hold” by Analysts
Williams Partners L.P. (NYSE:WPZ) has been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the stock. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.22.
WPZ has been the topic of several analyst reports. Citigroup Inc. increased their target price on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 12th. Morgan Stanley upgraded shares of Williams Partners L.P. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Williams Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 6th. Stephens initiated coverage on shares of Williams Partners L.P. in a report on Thursday, September 29th. They issued an “overweight” rating and a $43.00 target price on the stock. Finally, Credit Suisse Group AG set a $38.00 target price on shares of Williams Partners L.P. and gave the stock a “hold” rating in a report on Sunday, August 14th.
Shares of Williams Partners L.P. (NYSE:WPZ) traded down 0.4290% during midday trading on Wednesday, reaching $37.2296. 497,986 shares of the company were exchanged. The stock has a 50-day moving average price of $35.84 and a 200 day moving average price of $35.33. Williams Partners L.P. has a 52-week low of $12.69 and a 52-week high of $40.36. The company’s market capitalization is $21.93 billion.
Williams Partners L.P. (NYSE:WPZ) last posted its earnings results on Monday, October 31st. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.12. Williams Partners L.P. had a negative net margin of 18.10% and a positive return on equity of 2.49%. During the same period last year, the firm earned ($0.32) EPS. Equities research analysts expect that Williams Partners L.P. will post $0.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Friday, November 4th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend was Wednesday, November 2nd. Williams Partners L.P.’s dividend payout ratio (DPR) is presently -115.65%.
In other news, insider John D. Seldenrust sold 9,023 shares of Williams Partners L.P. stock in a transaction dated 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 transaction, the insider now owns 53,998 shares of the company’s stock, valued at approximately $2,034,104.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Several hedge funds have recently bought and sold shares of WPZ. Burke & Herbert Bank & Trust Co. bought a new stake in Williams Partners L.P. during the second quarter worth about $203,000. Pointe Capital Management LLC boosted its stake in Williams Partners L.P. by 71.7% in the second quarter. Pointe Capital Management LLC now owns 87,680 shares of the company’s stock worth $3,037,000 after buying an additional 36,620 shares in the last quarter. UMB Bank N A MO bought a new stake in Williams Partners L.P. during the second quarter worth about $237,000. Conning Inc. boosted its stake 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 in the last quarter. Finally, Bank of Montreal Can bought a new stake in Williams Partners L.P. during the second quarter worth about $118,459,000. Institutional investors own 36.05% of the company’s stock.
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Williams Partners L.P. Company Profile
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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