Shares of Williams Partners L.P. (NYSE:WPZ) traded up 4.1% on Thursday . The stock traded as high as $37.99 and last traded at $37.43, with a volume of 1,776,099 shares changing hands. The stock had previously closed at $35.96.

WPZ has been the subject of several research reports. Zacks Investment Research downgraded shares of Williams Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Saturday, June 11th. Evercore Partners Inc. boosted their price target on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the stock a “buy” rating in a research note 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 research note on Friday, May 6th. Citigroup Inc. initiated coverage on shares of Williams Partners L.P. in a research note on Friday, July 22nd. They issued a “neutral” rating and a $40.00 price target for the company. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $38.00 price target on shares of Williams Partners L.P. in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Williams Partners L.P. currently has a consensus rating of “Hold” and a consensus target price of $38.60.

The company’s market capitalization is $22.40 billion. The firm’s 50 day moving average price is $36.11 and its 200 day moving average price is $27.95.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date was Wednesday, August 3rd.

A hedge fund recently raised its stake in Williams Partners L.P. stock. Nicholas Co. Inc. WI raised its position in shares of 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. 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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