Williams Partners LP (WPZ) PT Set at $47.00 by BMO Capital Markets
Williams Partners LP (NYSE:WPZ) has been assigned a $47.00 target price by equities research analysts at BMO Capital Markets in a research note issued on Friday. The brokerage currently has a “buy” rating on the pipeline company’s stock. BMO Capital Markets’ price objective points to a potential upside of 24.54% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Jefferies Group LLC set a $42.00 price objective on shares of Williams Partners and gave the company a “hold” rating in a research note on Saturday, June 17th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 price objective on shares of Williams Partners in a research note on Friday, July 21st. Barclays PLC upgraded shares of Williams Partners from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $44.00 to $47.00 in a research note on Tuesday, July 18th. Zacks Investment Research downgraded shares of Williams Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, TheStreet upgraded shares of Williams Partners from a “c+” rating to a “b-” rating in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Williams Partners has an average rating of “Buy” and a consensus price target of $44.77.
Williams Partners (NYSE WPZ) traded up 0.08% during trading on Friday, hitting $37.74. 560,549 shares of the stock traded hands. The firm has a 50-day moving average price of $40.03 and a 200 day moving average price of $40.11. Williams Partners has a 12 month low of $32.93 and a 12 month high of $42.32. The firm has a market cap of $36.07 billion, a PE ratio of 22.69 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last issued its earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.09. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, equities analysts forecast that Williams Partners will post $0.76 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Adell Harriman & Carpenter Inc. boosted its position in Williams Partners by 28.8% in the first quarter. Adell Harriman & Carpenter Inc. now owns 10,286 shares of the pipeline company’s stock worth $420,000 after buying an additional 2,300 shares in the last quarter. Biondo Investment Advisors LLC boosted its position in Williams Partners by 6.5% in the first quarter. Biondo Investment Advisors LLC now owns 10,172 shares of the pipeline company’s stock worth $366,000 after buying an additional 624 shares in the last quarter. Advisory Services Network LLC bought a new position in Williams Partners during the first quarter worth about $127,000. Jennison Associates LLC boosted its position in Williams Partners by 45.9% in the first quarter. Jennison Associates LLC now owns 684,322 shares of the pipeline company’s stock worth $27,941,000 after buying an additional 215,232 shares in the last quarter. Finally, Linscomb & Williams Inc. boosted its position in Williams Partners by 0.3% in the first quarter. Linscomb & Williams Inc. now owns 13,385 shares of the pipeline company’s stock worth $547,000 after buying an additional 36 shares in the last quarter. 23.55% of the stock is owned by institutional investors and hedge funds.
Williams Partners Company Profile
Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West segment.
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