Barclays lowered shares of Williams Partners (NYSE:WPZ) from an overweight rating to an equal weight rating in a research note released on Wednesday, MarketBeat reports. They currently have $45.00 price target on the pipeline company’s stock, down from their prior price target of $47.00.

WPZ has been the subject of a number of other reports. Jefferies Group reaffirmed a buy rating and set a $44.00 price target on shares of Williams Partners in a report on Monday, October 16th. US Capital Advisors raised Williams Partners from a hold rating to a buy rating in a report on Thursday, January 4th. Credit Suisse Group began coverage on Williams Partners in a report on Thursday, January 4th. They issued an outperform rating and a $48.00 target price for the company. Royal Bank of Canada reissued a hold rating and issued a $47.00 target price on shares of Williams Partners in a report on Tuesday. Finally, Stifel Nicolaus set a $45.00 target price on Williams Partners and gave the company a buy rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Williams Partners presently has a consensus rating of Buy and an average target price of $45.50.

Shares of Williams Partners (NYSE WPZ) traded down $0.17 during midday trading on Wednesday, reaching $42.34. The company’s stock had a trading volume of 894,898 shares, compared to its average volume of 1,560,000. The stock has a market cap of $41,230.00, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.86 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.99. Williams Partners has a 12 month low of $34.74 and a 12 month high of $43.75.

Williams Partners (NYSE:WPZ) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.12). Williams Partners had a return on equity of 5.55% and a net margin of 17.02%. equities analysts anticipate that Williams Partners will post 1.7 earnings per share for the current year.

In other news, insider John D. Seldenrust sold 6,770 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $38.76, for a total value of $262,405.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan S. Armstrong bought 5,000 shares of Williams Partners stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CAPROCK Group Inc. purchased a new stake in Williams Partners during the 4th quarter valued at approximately $217,000. Creative Planning raised its stake in Williams Partners by 8.8% during the 4th quarter. Creative Planning now owns 24,264 shares of the pipeline company’s stock valued at $941,000 after acquiring an additional 1,958 shares during the last quarter. Starfire Investment Advisers Inc. purchased a new stake in Williams Partners during the 4th quarter valued at approximately $1,910,000. Atlantic Trust Group LLC raised its stake in Williams Partners by 5.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 5,692,694 shares of the pipeline company’s stock valued at $221,444,000 after acquiring an additional 291,284 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Williams Partners by 4.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 665,201 shares of the pipeline company’s stock valued at $25,876,000 after acquiring an additional 28,096 shares during the last quarter. 22.47% of the stock is owned by hedge funds and other institutional investors.

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About Williams Partners

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.

Analyst Recommendations for Williams Partners (NYSE:WPZ)

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