Williams Partners L.P. (NYSE:WPZ)’s share price fell 4.2% on Monday . The company traded as low as $35.77 and last traded at $35.79, with a volume of 613,093 shares. The stock had previously closed at $37.34.

A number of research firms have weighed in on WPZ. Citigroup Inc. began coverage on Williams Partners L.P. in a research report on Friday, July 22nd. They set a “neutral” rating and a $40.00 price target for the company. Jefferies Group downgraded Williams Partners L.P. from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Monday, July 25th. Bank of America Corp. reissued a “buy” rating and issued a $37.00 price objective (up previously from $28.00) on shares of Williams Partners L.P. in a report on Wednesday, June 8th. Royal Bank Of Canada cut their price objective on Williams Partners L.P. from $54.00 to $38.00 and set a “sector perform” rating for the company in a report on Thursday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $26.00 price objective on shares of Williams Partners L.P. in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Williams Partners L.P. currently has a consensus rating of “Hold” and a consensus price target of $38.44.

The stock’s market cap is $20.41 billion. The firm has a 50-day moving average of $35.04 and a 200-day moving average of $26.58.

Williams Partners L.P. (NYSE:WPZ) last posted its quarterly earnings data on Monday, August 1st. The company reported ($0.49) EPS for the quarter. On average, equities analysts forecast that Williams Partners L.P. will post $0.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $3.40 dividend on an annualized basis and a yield of 9.80%.

Other hedge funds and institutional investors have bought and sold shares of the company. Green Square Capital LLC increased its position in Williams Partners L.P. by 3.0% in the fourth quarter. Green Square Capital LLC now owns 170,355 shares of the company’s stock worth $4,744,000 after buying an additional 5,012 shares during the last quarter. Atlantic Trust Group LLC increased 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 worth $115,395,000 after buying an additional 1,890,677 shares during the last quarter. Jennison Associates LLC increased its position in Williams Partners L.P. by 20.3% in the fourth quarter. Jennison Associates LLC now owns 89,192 shares of the company’s stock worth $2,484,000 after buying an additional 15,075 shares during the last quarter. Finally, Nicholas Co. Inc. WI increased its position in Williams Partners L.P. by 2.9% in the fourth quarter. Nicholas Co. Inc. WI now owns 264,217 shares of the company’s stock worth $7,358,000 after buying an additional 7,340 shares during the last quarter.

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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