Brokerages Set Williams Partners LP (WPZ) Target Price at $44.62

Williams Partners LP (NYSE:WPZ) has earned an average rating of “Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $44.62.

WPZ has been the topic of a number of recent analyst reports. BMO Capital Markets set a $47.00 price target on shares of Williams Partners and gave the stock a “buy” rating in a report on Friday, August 18th. Jefferies Group reissued a “buy” rating and set a $44.00 price target on shares of Williams Partners in a report on Tuesday, August 22nd. TheStreet downgraded shares of Williams Partners from a “b-” rating to a “c+” rating in a report on Monday, August 21st. BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Wolfe Research began coverage on shares of Williams Partners in a report on Monday, September 25th. They set an “outperform” rating and a $45.00 price objective on the stock.

Shares of Williams Partners (WPZ) traded down $0.19 during midday trading on Friday, reaching $37.73. 2,373,452 shares of the company were exchanged, compared to its average volume of 1,185,015. Williams Partners has a 12-month low of $33.12 and a 12-month high of $42.32. The stock has a market capitalization of $36,411.16, a P/E ratio of 24.60, a PEG ratio of 2.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99.

In related news, CEO Alan S. Armstrong acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average cost of $35.00 per share, with a total value of $175,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Brent Austin acquired 1,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were bought at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the completion of the acquisition, the director now owns 9,958 shares of the company’s stock, valued at $384,976.28. The disclosure for this purchase can be found here.

Several hedge funds and other institutional investors have recently modified their holdings of WPZ. IFP Advisors Inc raised its position in shares of Williams Partners by 1.6% in the second quarter. IFP Advisors Inc now owns 11,379 shares of the pipeline company’s stock valued at $456,000 after buying an additional 181 shares during the last quarter. TradeLink Capital LLC acquired a new stake in shares of Williams Partners in the second quarter valued at about $746,000. Pinnacle Financial Partners Inc. acquired a new stake in shares of Williams Partners in the second quarter valued at about $678,000. Conning Inc. raised its position in shares of Williams Partners by 2.2% in the second quarter. Conning Inc. now owns 194,686 shares of the pipeline company’s stock valued at $7,809,000 after buying an additional 4,160 shares during the last quarter. Finally, Botty Investors LLC raised its position in shares of Williams Partners by 802.8% in the second quarter. Botty Investors LLC now owns 11,583 shares of the pipeline company’s stock valued at $465,000 after buying an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 22.47% 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.

Analyst Recommendations for Williams Partners (NYSE:WPZ)

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