Williams Partners LP (WPZ) Given Average Rating of “Buy” by Brokerages
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.
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.
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