Williams Partners L.P. (NYSE:WPZ) traded up 4.1% during trading 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.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered 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. boosted 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. assumed 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 given a buy rating to the stock. The company presently 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 cap is $21.73 billion.

Williams Partners L.P. (NYSE:WPZ) last issued 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, analysts expect that Williams Partners L.P. will post $0.76 earnings per share for the current year.

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

A hedge fund recently raised its stake in Williams Partners L.P. stock. Jennison Associates LLC boosted its position in Williams Partners L.P. (NYSE:WPZ) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

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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