Jefferies Group LLC Reiterates “Buy” Rating for Williams Partners LP (WPZ)
Jefferies Group LLC restated their buy rating on shares of Williams Partners LP (NYSE:WPZ) in a research note released on Monday. The firm currently has a $44.00 price objective on the pipeline company’s stock. Jefferies Group also issued estimates for Williams Partners’ Q3 2017 earnings at $0.44 EPS and FY2018 earnings at $2.21 EPS.
Several other analysts have also commented on WPZ. BidaskClub raised Williams Partners from a strong sell rating to a sell rating in a report on Wednesday, June 28th. Zacks Investment Research lowered Williams Partners from a buy rating to a hold rating in a report on Monday, July 17th. Barclays PLC raised Williams Partners from an equal weight rating to an overweight rating and raised their price objective for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. Stifel Nicolaus reissued a buy rating and issued a $48.00 price objective on shares of Williams Partners in a report on Friday, July 21st. Finally, BMO Capital Markets set a $47.00 price objective on Williams Partners and gave the company a buy rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $44.93.
Williams Partners (NYSE WPZ) opened at 38.80 on Monday. Williams Partners has a 1-year low of $32.93 and a 1-year high of $42.32. The firm has a 50-day moving average price of $39.27 and a 200 day moving average price of $39.73. The company has a market capitalization of $37.09 billion, a P/E ratio of 23.33 and a beta of 1.40.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.13 billion. On average, equities analysts predict that Williams Partners will post $0.76 EPS for the current year.
In related news, Director H Brent Austin acquired 1,000 shares of Williams Partners stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average price of $38.66 per share, for a total transaction of $38,660.00. Following the completion of the transaction, the director now owns 9,958 shares in the company, valued at approximately $384,976.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its position in Williams Partners by 0.5% during the first quarter. Fifth Third Bancorp now owns 10,034 shares of the pipeline company’s stock worth $410,000 after buying an additional 49 shares in the last quarter. Camelot Portfolios LLC lifted its position in Williams Partners by 0.9% during the second quarter. Camelot Portfolios LLC now owns 6,885 shares of the pipeline company’s stock worth $276,000 after buying an additional 60 shares in the last quarter. Private Advisor Group LLC lifted its position in Williams Partners by 1.2% during the second quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after buying an additional 67 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its position in Williams Partners by 1.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 7,025 shares of the pipeline company’s stock worth $282,000 after buying an additional 75 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Williams Partners by 0.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock worth $390,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 22.76% 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 segment.
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