BMO Capital Markets set a $47.00 price target on Williams Partners LP (NYSE:WPZ) in a report released on Friday, August 18th. The brokerage currently has a buy rating on the pipeline company’s stock.
Other equities analysts have also recently issued reports about the company. Jefferies Group LLC set a $42.00 price target on Williams Partners and gave the stock a hold rating in a report on Saturday, June 17th. Stifel Nicolaus reiterated a buy rating and set a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. Barclays PLC upgraded Williams Partners from an equal weight rating to an overweight rating and increased their price target for the stock from $44.00 to $47.00 in a report on Tuesday, July 18th. Zacks Investment Research cut Williams Partners from a buy rating to a hold rating in a report on Monday, July 17th. Finally, TheStreet upgraded Williams Partners from a c+ rating to a b- rating in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $44.77.
Williams Partners (WPZ) opened at 39.54 on Friday. Williams Partners has a 1-year low of $32.93 and a 1-year high of $42.32. The stock has a market cap of $37.79 billion, a PE ratio of 23.78 and a beta of 1.43. The firm has a 50-day moving average of $39.40 and a 200-day moving average of $39.92.
Williams Partners (NYSE:WPZ) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. Analysts expect that Williams Partners will post $0.76 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Wednesday, August 2nd. Williams Partners’s dividend payout ratio (DPR) is presently 143.71%.
Several hedge funds and other institutional investors have recently modified their holdings of WPZ. Center Coast Capital Advisors LP acquired a new stake in shares of Williams Partners during the 2nd quarter worth about $183,318,000. Clearbridge Investments LLC raised its position in shares of Williams Partners by 85.4% during the 1st quarter. Clearbridge Investments LLC now owns 5,404,291 shares of the pipeline company’s stock worth $220,657,000 after acquiring an additional 2,489,110 shares in the last quarter. FMR LLC increased its position in Williams Partners by 7.6% during the first quarter. FMR LLC now owns 28,381,957 shares of the pipeline company’s stock worth $1,158,835,000 after buying an additional 2,001,870 shares during the period. Atlantic Trust Group LLC increased its position in Williams Partners by 45.2% during the first quarter. Atlantic Trust Group LLC now owns 5,419,374 shares of the pipeline company’s stock worth $221,273,000 after buying an additional 1,687,346 shares during the period. Finally, Balyasny Asset Management LLC increased its position in Williams Partners by 9,962.4% during the second quarter. Balyasny Asset Management LLC now owns 1,428,863 shares of the pipeline company’s stock worth $57,312,000 after buying an additional 1,414,663 shares during the period. 22.77% of the stock is currently 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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