Trade Report: The Williams Partners L.P. (WPZ) Receives $37.22 Average PT from Brokerages

The Williams Partners L.P. (WPZ) Receives $37.22 Average PT from Brokerages

Shares of Williams Partners L.P. (NYSE:WPZ) have earned an average rating of “Hold” from the sixteen research firms that are currently covering the stock. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $37.22.

Several equities research analysts have weighed in on the stock. Citigroup Inc. reissued a “neutral” rating on shares of Williams Partners L.P. in a research report on Wednesday, November 2nd. Credit Suisse Group AG set a $38.00 price target on shares of Williams Partners L.P. and gave the company a “hold” rating in a research report on Sunday, August 14th. Raymond James Financial Inc. cut shares of Williams Partners L.P. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of Williams Partners L.P. from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, November 4th. Finally, Evercore Partners Inc. increased their price target on shares of Williams Partners L.P. from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd.

In related news, insider John D. Seldenrust sold 9,023 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $37.67, for a total value of $339,896.41. Following the completion of the transaction, the insider now directly owns 53,998 shares in the company, valued at approximately $2,034,104.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Babson Capital Management LLC raised its position in shares of Williams Partners L.P. by 56.1% in the first quarter. Babson Capital Management LLC now owns 161,424 shares of the company’s stock valued at $3,301,000 after buying an additional 58,000 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Williams Partners L.P. during the first quarter valued at about $736,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Williams Partners L.P. during the second quarter valued at about $210,000. Hollencrest Securities LLC raised its position in shares of Williams Partners L.P. by 32.5% in the second quarter. Hollencrest Securities LLC now owns 234,428 shares of the company’s stock valued at $8,120,000 after buying an additional 57,454 shares during the last quarter. Finally, Leavell Investment Management Inc. acquired a new position in shares of Williams Partners L.P. during the second quarter valued at about $291,000. Institutional investors own 36.05% of the company’s stock.

Williams Partners L.P. (NYSE:WPZ) opened at 36.98 on Wednesday. Williams Partners L.P. has a one year low of $12.69 and a one year high of $40.36. The firm’s market capitalization is $21.78 billion. The stock’s 50 day moving average is $35.89 and its 200-day moving average is $35.42.

Williams Partners L.P. (NYSE:WPZ) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.12. Williams Partners L.P. had a negative net margin of 18.10% and a positive return on equity of 2.49%. During the same period in the previous year, the business posted ($0.32) earnings per share. On average, analysts anticipate that Williams Partners L.P. will post $0.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Friday, November 4th were paid a $0.85 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $3.40 annualized dividend and a dividend yield of 9.19%. Williams Partners L.P.’s payout ratio is -115.65%.

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