Williams Partners L.P. (NYSE:WPZ) shares shot up 3.1% on Thursday . The company traded as high as $36.81 and last traded at $36.68, with a volume of 399,080 shares trading hands. The stock had previously closed at $35.56.

A number of research firms have weighed in on WPZ. Zacks Investment Research cut shares of Williams Partners L.P. from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 11th. Raymond James Financial Inc. upgraded shares of Williams Partners L.P. from a “market perform” rating to an “outperform” rating in a report on Friday, May 6th. BMO Capital Markets restated a “hold” rating and issued a $26.00 price target on shares of Williams Partners L.P. in a report on Thursday, July 7th. TheStreet upgraded shares of Williams Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Finally, Bank of America Corp. restated a “buy” rating and issued a $37.00 price target (up from $28.00) on shares of Williams Partners L.P. in a report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.25.

The company’s 50 day moving average is $33.76 and its 200-day moving average is $25.40. The stock’s market capitalization is $21.63 billion.

Other hedge funds and institutional investors recently bought and sold shares of the company. First Trust Advisors LP bought a new position in Williams Partners L.P. during the fourth quarter valued at approximately $8,784,000. Penserra Capital Management LLC bought a new position in Williams Partners L.P. during the fourth quarter valued at approximately $1,128,000. Liberty Mutual Group Asset Management Inc. raised its position in Williams Partners L.P. by 23.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 86,415 shares of the company’s stock valued at $2,407,000 after buying an additional 16,261 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Williams Partners L.P. by 128.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,626,382 shares of the company’s stock valued at $73,145,000 after buying an additional 1,477,831 shares in the last quarter. Finally, Atlantic Trust Group LLC raised its position in Williams Partners L.P. by 83.9% in the fourth quarter. Atlantic Trust Group LLC now owns 4,143,462 shares of the company’s stock valued at $115,395,000 after buying an additional 1,890,677 shares in the last quarter.

Williams Partners L.P., formerly Access Midstream Partners, L.P., owns, operates, develops and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems, and other midstream energy assets. The Company’s business segments include Access Midstream, Northeast G&P, Atlantic-Gulf, West and NGL & Petchem Services.

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