Williams Partners L.P. (NYSE:WPZ) shares fell 3% on Friday . The stock traded as low as $36.83 and last traded at $36.90, with a volume of 1,794,946 shares changing hands. The stock had previously closed at $38.04.

Several research firms have recently 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 report on Saturday, June 11th. Evercore Partners Inc. upped their price target on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. 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. Citigroup Inc. began coverage on shares of Williams Partners L.P. in a report on Friday, July 22nd. They issued a “neutral” rating and a $40.00 price target for the company. Finally, Credit Suisse Group AG set a $38.00 price target on shares of Williams Partners L.P. and gave the company a “hold” rating in a report on Sunday, August 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Williams Partners L.P. has an average rating of “Hold” and an average price target of $38.60.

The stock’s market cap is $21.73 billion. The stock has a 50 day moving average of $36.17 and a 200-day moving average of $28.07.

Williams Partners L.P. (NYSE:WPZ) last announced its quarterly earnings data on Monday, August 1st. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.18 by $0.67. On average, equities research analysts anticipate that Williams Partners L.P. will post $0.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 9.21%. The ex-dividend date of this dividend was Wednesday, August 3rd.

An institutional investor recently raised its position in Williams Partners L.P. stock. Jennison Associates LLC increased its stake in Williams Partners L.P. (NYSE:WPZ) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,192 shares of the company’s stock after buying an additional 15,075 shares during the period. Jennison Associates LLC’s holdings in Williams Partners L.P. were worth $2,484,000 at the end of the most recent 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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