Williams Partners LP (WPZ) Receives $44.62 Consensus Target Price from Brokerages

Shares of Williams Partners LP (NYSE:WPZ) have earned an average recommendation of “Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $44.62.

A number of brokerages have recently issued reports on WPZ. BMO Capital Markets set a $47.00 target price on Williams Partners and gave the stock a “buy” rating in a research report on Friday, October 13th. BidaskClub raised Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group reissued a “buy” rating and issued a $44.00 price objective on shares of Williams Partners in a report on Monday, October 16th. Wells Fargo & Company lowered their price objective on Williams Partners from $49.00 to $45.00 and set an “outperform” rating for the company in a report on Tuesday, October 10th. Finally, Wolfe Research started coverage on Williams Partners in a report on Monday, September 25th. They issued an “outperform” rating and a $45.00 price objective for the company.

Shares of Williams Partners (WPZ) traded up $0.51 during midday trading on Friday, hitting $37.39. The stock had a trading volume of 1,987,537 shares, compared to its average volume of 1,178,179. Williams Partners has a twelve month low of $33.12 and a twelve month high of $42.32. The stock has a market capitalization of $35,914.52, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06.

In related news, Director H Brent Austin bought 1,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was bought at an average cost of $38.66 per share, with a total value of $38,660.00. Following the completion of the acquisition, the director now owns 9,958 shares of the company’s stock, valued at $384,976.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Alan S. Armstrong bought 5,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were bought 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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of Williams Partners by 11.4% during the third quarter. Alps Advisors Inc. now owns 20,559,321 shares of the pipeline company’s stock worth $799,758,000 after buying an additional 2,105,286 shares during the period. Harvest Fund Advisors LLC boosted its position in shares of Williams Partners by 32.5% during the third quarter. Harvest Fund Advisors LLC now owns 18,102,427 shares of the pipeline company’s stock worth $704,184,000 after buying an additional 4,436,790 shares during the period. Center Coast Capital Advisors LP boosted its position in shares of Williams Partners by 39.8% during the third quarter. Center Coast Capital Advisors LP now owns 6,387,628 shares of the pipeline company’s stock worth $248,479,000 after buying an additional 1,817,243 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Williams Partners by 38.2% during the third quarter. JPMorgan Chase & Co. now owns 5,489,436 shares of the pipeline company’s stock worth $212,990,000 after buying an additional 1,515,965 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Williams Partners by 15.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,636,305 shares of the pipeline company’s stock worth $141,452,000 after buying an additional 482,557 shares during the period. Institutional investors and hedge funds own 22.47% of the company’s stock.

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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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