Stifel Nicolaus Analysts Give Williams Partners (WPZ) a $45.00 Price Target

Stifel Nicolaus set a $45.00 price objective on Williams Partners (NYSE:WPZ) in a report released on Friday morning. The brokerage currently has a buy rating on the pipeline company’s stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Group reaffirmed a buy rating and issued a $44.00 price objective on shares of Williams Partners in a report on Monday, October 16th. BMO Capital Markets set a $47.00 price objective on shares of Williams Partners and gave the stock a buy rating in a report on Friday, August 18th. TheStreet downgraded shares of Williams Partners from a b- rating to a c+ rating in a report on Monday, August 21st. Wolfe Research assumed coverage on shares of Williams Partners in a report on Monday, September 25th. They issued an outperform rating and a $45.00 price objective for the company. Finally, BidaskClub downgraded shares of Williams Partners from a hold rating to a sell rating in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Williams Partners has a consensus rating of Buy and a consensus price target of $44.71.

Shares of Williams Partners (WPZ) opened at $37.01 on Friday. The firm has a market cap of $36,041.11, a PE ratio of 24.35, a P/E/G ratio of 2.71 and a beta of 1.44. Williams Partners has a 1-year low of $33.12 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.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Thursday, November 2nd. Williams Partners’s payout ratio is 157.90%.

In related news, Director H Brent Austin acquired 1,000 shares of the business’s stock in a transaction 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 acquisition, the director now owns 9,958 shares in the company, valued at $384,976.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan S. Armstrong acquired 5,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $35.00 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new stake in Williams Partners during the 2nd quarter worth about $125,000. Pathstone Family Office LLC acquired a new stake in Williams Partners during the 2nd quarter worth about $130,000. Saratoga Research & Investment Management acquired a new stake in Williams Partners during the 3rd quarter worth about $188,000. Balentine LLC raised its holdings in Williams Partners by 10.6% during the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after buying an additional 457 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Williams Partners by 8.3% during the 2nd quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 22.46% of the company’s stock.

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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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