US Capital Advisors Analysts Cut Earnings Estimates for Williams Partners LP (WPZ)
Williams Partners LP (NYSE:WPZ) – Equities researchers at US Capital Advisors reduced their Q2 2017 earnings per share estimates for Williams Partners in a note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $0.37 per share for the quarter, down from their previous forecast of $0.39. US Capital Advisors also issued estimates for Williams Partners’ Q3 2017 earnings at $0.37 EPS, Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.77 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.41 EPS and FY2018 earnings at $1.69 EPS.
WPZ has been the subject of several other reports. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a “buy” rating in a research note on Wednesday, March 22nd. BidaskClub downgraded shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $43.00 target price on shares of Williams Partners in a research note on Friday, March 24th. Credit Suisse Group upgraded shares of Williams Partners from a “neutral” rating to an “outperform” rating and raised their target price for the company from $45.00 to $47.00 in a research note on Friday, May 12th. Finally, Citigroup Inc. upgraded shares of Williams Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.00 to $46.00 in a research note on Friday, April 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Partners presently has a consensus rating of “Buy” and a consensus price target of $42.79.
Shares of Williams Partners (WPZ) opened at 38.04 on Monday. The firm’s 50-day moving average price is $39.71 and its 200-day moving average price is $39.63. Williams Partners has a 52 week low of $31.90 and a 52 week high of $42.32. The firm has a market cap of $36.35 billion, a price-to-earnings ratio of 38.19 and a beta of 1.45.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of Williams Partners during the first quarter valued at about $105,000. Advisory Services Network LLC bought a new stake in shares of Williams Partners during the first quarter valued at about $127,000. WFG Advisors LP increased its stake in shares of Williams Partners by 1,606.6% in the fourth quarter. WFG Advisors LP now owns 30,138 shares of the pipeline company’s stock valued at $150,000 after buying an additional 28,372 shares during the period. Penserra Capital Management LLC increased its stake in shares of Williams Partners by 36.0% in the first quarter. Penserra Capital Management LLC now owns 4,480 shares of the pipeline company’s stock valued at $182,000 after buying an additional 1,186 shares during the period. Finally, Private Advisor Group LLC bought a new stake in shares of Williams Partners during the first quarter valued at about $226,000. Hedge funds and other institutional investors own 23.35% of the company’s stock.
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, and Natural gas liquid (NGL) & Petchem Services segments.
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