Several other analysts also recently commented on WPZ. BidaskClub downgraded Williams Partners from a sell rating to a strong sell rating in a research note on Friday, October 20th. Jefferies Group reaffirmed a buy rating and set a $45.00 price objective on shares of Williams Partners in a research note on Wednesday, December 20th. US Capital Advisors raised Williams Partners from a hold rating to a buy rating in a research note on Thursday, January 4th. Credit Suisse Group started coverage on Williams Partners in a research note on Thursday, January 4th. They set an outperform rating and a $48.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $47.00 price objective on shares of Williams Partners in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $46.20.
Shares of Williams Partners (WPZ) opened at $38.90 on Friday. The company has a market capitalization of $37,880.00, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.66 and a beta of 1.43. Williams Partners has a 12 month low of $34.74 and a 12 month high of $44.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06.
In other Williams Partners news, insider John D. Seldenrust sold 6,770 shares of Williams Partners stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $38.76, for a total value of $262,405.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its stake in shares of Williams Partners by 2.5% in the 4th quarter. Alps Advisors Inc. now owns 21,071,970 shares of the pipeline company’s stock valued at $817,171,000 after purchasing an additional 512,649 shares during the period. Harvest Fund Advisors LLC raised its stake in shares of Williams Partners by 32.5% in the 3rd quarter. Harvest Fund Advisors LLC now owns 18,102,427 shares of the pipeline company’s stock valued at $704,184,000 after purchasing an additional 4,436,790 shares during the period. Center Coast Capital Advisors LP raised its stake in shares of Williams Partners by 39.8% in the 3rd quarter. Center Coast Capital Advisors LP now owns 6,387,628 shares of the pipeline company’s stock valued at $248,479,000 after purchasing an additional 1,817,243 shares during the period. Atlantic Trust Group LLC raised its stake in shares of Williams Partners by 5.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 5,692,694 shares of the pipeline company’s stock valued at $221,444,000 after purchasing an additional 291,284 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Williams Partners by 38.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,489,436 shares of the pipeline company’s stock valued at $212,990,000 after purchasing an additional 1,515,965 shares during the period. 21.78% of the stock is currently owned by hedge funds and other institutional investors.
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About Williams Partners
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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