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

A number of equities research analysts have weighed in on WPZ shares. Credit Suisse Group AG lifted their price objective on Williams Partners L.P. from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Citigroup Inc. lifted their price objective on Williams Partners L.P. from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Raymond James Financial Inc. raised Williams Partners L.P. from a “market perform” rating to an “outperform” rating in a report on Friday, May 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 price objective on shares of Williams Partners L.P. in a report on Thursday, July 7th. Finally, Morgan Stanley raised Williams Partners L.P. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.60.

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

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

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

A hedge fund recently raised its stake in Williams Partners L.P. stock. Nicholas Co. Inc. WI raised its position in Williams Partners L.P. (NYSE:WPZ) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,217 shares of the company’s stock after buying an additional 7,340 shares during the period. Nicholas Co. Inc. WI’s holdings in Williams Partners L.P. were worth $7,358,000 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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