Shares of Williams Pipeline Partners LP (NYSE:WPZ) have earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $45.73.

WPZ has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “hold” rating and issued a $47.00 target price on shares of Williams Pipeline Partners in a report on Tuesday, January 16th. Stifel Nicolaus set a $48.00 target price on shares of Williams Pipeline Partners and gave the company a “buy” rating in a report on Saturday, February 17th. UBS reaffirmed a “buy” rating and set a $49.00 price target (down from $50.00) on shares of Williams Pipeline Partners in a research report on Friday, March 2nd. ValuEngine cut shares of Williams Pipeline Partners from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Credit Suisse Group began coverage on shares of Williams Pipeline Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price target on the stock.

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Williams Pipeline Partners stock traded up $0.60 during trading on Thursday, reaching $36.58. The company had a trading volume of 1,005,337 shares, compared to its average volume of 1,568,649. Williams Pipeline Partners has a 12-month low of $32.74 and a 12-month high of $44.06. The company has a market cap of $33,806.38, a price-to-earnings ratio of 22.18 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.83 and a current ratio of 0.87.

Williams Pipeline Partners (NYSE:WPZ) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Williams Pipeline Partners had a net margin of 10.87% and a return on equity of 6.43%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. sell-side analysts predict that Williams Pipeline Partners will post 1.81 EPS for the current year.

A number of hedge funds have recently made changes to their positions in WPZ. Ameriprise Financial Inc. raised its holdings in Williams Pipeline Partners by 6.7% in the third quarter. Ameriprise Financial Inc. now owns 33,638 shares of the pipeline company’s stock valued at $1,309,000 after acquiring an additional 2,122 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Williams Pipeline Partners by 7.5% in the third quarter. Wells Fargo & Company MN now owns 420,957 shares of the pipeline company’s stock valued at $16,375,000 after acquiring an additional 29,485 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Williams Pipeline Partners by 19.9% in the third quarter. Allianz Asset Management GmbH now owns 471,826 shares of the pipeline company’s stock valued at $18,354,000 after acquiring an additional 78,301 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Williams Pipeline Partners by 10.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,160 shares of the pipeline company’s stock valued at $823,000 after acquiring an additional 2,046 shares in the last quarter. Finally, First Allied Advisory Services Inc. raised its holdings in Williams Pipeline Partners by 117.8% in the third quarter. First Allied Advisory Services Inc. now owns 12,022 shares of the pipeline company’s stock valued at $470,000 after acquiring an additional 6,503 shares in the last quarter. 22.12% of the stock is currently owned by hedge funds and other institutional investors.

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About Williams Pipeline Partners

Williams Partners L.P. operates as an energy infrastructure company. It operates through Northeast G&P, Atlantic-Gulf, and West segments. The Northeast G&P segment engages in natural gas gathering, compression, processing, and NGL fractionation businesses in the Marcellus and Utica shale regions in Pennsylvania, West Virginia, New York, and Ohio.

Analyst Recommendations for Williams Pipeline Partners (NYSE:WPZ)

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