Williams Partners LP (NYSE:WPZ) has earned an average rating of “Buy” from the fifteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.08.

A number of brokerages recently weighed in on WPZ. Jefferies Group reaffirmed a “buy” rating and issued a $45.00 price target on shares of Williams Partners in a research note on Wednesday, December 20th. Wolfe Research began coverage on shares of Williams Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $45.00 price target on the stock. BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Wells Fargo & Co decreased their target price on shares of Williams Partners from $49.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th.

In other news, CEO Alan S. Armstrong purchased 5,000 shares of Williams Partners stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $35.00 per share, with a total value of $175,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John D. Seldenrust sold 6,770 shares of Williams Partners stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $38.76, for a total transaction of $262,405.20. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC increased its holdings in Williams Partners by 1.2% in the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock valued at $223,000 after purchasing an additional 67 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Williams Partners by 0.8% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 9,722 shares of the pipeline company’s stock valued at $390,000 after purchasing an additional 76 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Williams Partners by 2.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,621 shares of the pipeline company’s stock valued at $506,000 after purchasing an additional 263 shares during the last quarter. Balentine LLC increased its holdings in Williams Partners by 10.6% in the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 457 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Williams Partners by 1.2% in the 2nd quarter. M&T Bank Corp now owns 37,811 shares of the pipeline company’s stock valued at $1,517,000 after purchasing an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 22.47% of the company’s stock.

Shares of Williams Partners (NYSE:WPZ) traded down $0.23 during trading on Tuesday, reaching $38.78. 1,425,300 shares of the company were exchanged, compared to its average volume of 1,206,314. The stock has a market cap of $38,370.00, a price-to-earnings ratio of 27.70, a PEG ratio of 2.88 and a beta of 1.45. Williams Partners has a 1 year low of $34.74 and a 1 year high of $42.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99.

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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.

Analyst Recommendations for Williams Partners (NYSE:WPZ)

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