WPZ has been the topic of several other research reports. Citigroup Inc. lifted their price target on Williams Partners L.P. from $35.00 to $36.00 and gave the stock a neutral rating in a research report on Friday, August 12th. Credit Suisse Group AG lifted their price target on Williams Partners L.P. from $32.00 to $36.00 and gave the stock a neutral rating in a research report on Tuesday, August 2nd. US Capital Advisors lowered Williams Partners L.P. from an overweight rating to a hold rating in a research report on Thursday, September 8th. BMO Capital Markets reaffirmed a hold rating and set a $26.00 price target on shares of Williams Partners L.P. in a research report on Thursday, July 7th. Finally, Morgan Stanley raised Williams Partners L.P. from an equal weight rating to an overweight rating in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $39.00.
Williams Partners L.P. (NYSE:WPZ) traded down 0.18% during trading on Thursday, hitting $37.79. 70,214 shares of the stock traded hands. The company’s 50 day moving average price is $37.31 and its 200 day moving average price is $31.89. Williams Partners L.P. has a 12 month low of $12.69 and a 12 month high of $40.36. The company’s market cap is $22.26 billion.
Williams Partners L.P. (NYSE:WPZ) last issued its earnings results on Monday, August 1st. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.67. Williams Partners L.P. had a positive return on equity of 0.30% and a negative net margin of 25.63%. On average, equities research analysts anticipate that Williams Partners L.P. will post $0.76 EPS for the current fiscal year.
In other Williams Partners L.P. news, insider John D. Seldenrust sold 9,023 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $37.67, for a total transaction of $339,896.41. Following the sale, the insider now directly owns 53,998 shares in the company, valued at $2,034,104.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hedge funds have recently bought and sold shares of the company. Stephens Inc. AR increased its stake in Williams Partners L.P. by 1.3% in the second quarter. Stephens Inc. AR now owns 26,135 shares of the company’s stock worth $905,000 after buying an additional 325 shares during the last quarter. Kings Point Capital Management increased its stake in Williams Partners L.P. by 1.4% in the second quarter. Kings Point Capital Management now owns 28,390 shares of the company’s stock worth $983,000 after buying an additional 389 shares during the last quarter. Bessemer Group Inc. increased its stake in Williams Partners L.P. by 6.7% in the first quarter. Bessemer Group Inc. now owns 7,856 shares of the company’s stock worth $160,000 after buying an additional 491 shares during the last quarter. IFP Advisors Inc increased its stake in Williams Partners L.P. by 4.5% in the first quarter. IFP Advisors Inc now owns 11,551 shares of the company’s stock worth $236,000 after buying an additional 500 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in Williams Partners L.P. by 3.0% in the second quarter. Commonwealth Equity Services Inc now owns 22,323 shares of the company’s stock worth $773,000 after buying an additional 644 shares during the last quarter. Institutional investors own 36.16% of the company’s stock.
Williams Partners L.P. Company Profile
Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.
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