Williams Partners LP (NYSE:WPZ) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, August 9th.
Several other analysts have also weighed in on WPZ. Jefferies Group LLC set a $42.00 price target on Williams Partners and gave the company a “hold” rating in a report on Saturday, June 17th. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. Barclays PLC upgraded Williams Partners from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. TheStreet upgraded Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. Finally, Zacks Investment Research lowered Williams Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.77.
Shares of Williams Partners (WPZ) opened at 37.74 on Wednesday. The company has a 50-day moving average of $40.03 and a 200-day moving average of $40.11. Williams Partners has a 52 week low of $32.93 and a 52 week high of $42.32. The stock has a market capitalization of $36.07 billion, a P/E ratio of 22.69 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.09. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a net margin of 17.82% and a return on equity of 5.90%. On average, analysts anticipate that Williams Partners will post $0.76 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in WPZ. Capital Advisors Inc. OK boosted its position in shares of Williams Partners by 16.7% in the first quarter. Capital Advisors Inc. OK now owns 17,892 shares of the pipeline company’s stock valued at $731,000 after buying an additional 2,565 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Williams Partners by 22.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 217,700 shares of the pipeline company’s stock valued at $8,889,000 after buying an additional 40,600 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Williams Partners by 78.7% in the first quarter. Janney Montgomery Scott LLC now owns 98,691 shares of the pipeline company’s stock valued at $4,030,000 after buying an additional 43,468 shares in the last quarter. Chickasaw Capital Management LLC boosted its stake in Williams Partners by 71.1% in the first quarter. Chickasaw Capital Management LLC now owns 350,000 shares of the pipeline company’s stock worth $14,290,000 after buying an additional 145,400 shares during the period. Finally, First Manhattan Co. boosted its stake in Williams Partners by 13.4% in the first quarter. First Manhattan Co. now owns 64,071 shares of the pipeline company’s stock worth $2,382,000 after buying an additional 7,563 shares during the period. Institutional investors own 23.55% 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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