Williams Partners (NYSE:WPZ) received a $48.00 price target from investment analysts at Stifel Nicolaus in a report issued on Saturday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target points to a potential upside of 23.39% from the company’s current price.
Other analysts have also recently issued reports about the company. US Capital Advisors raised Williams Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Jefferies Group reissued a “buy” rating and issued a $45.00 price target on shares of Williams Partners in a report on Wednesday, December 20th. Barclays cut Williams Partners from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $47.00 to $45.00 in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “hold” rating and issued a $47.00 price target on shares of Williams Partners in a report on Tuesday, January 16th. Finally, Credit Suisse Group initiated coverage on Williams Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.20.
Williams Partners (NYSE:WPZ) traded down $1.08 on Friday, hitting $38.90. The stock had a trading volume of 1,254,879 shares, compared to its average volume of 1,512,627. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The firm has a market cap of $37,881.64, a PE ratio of 41.83, a P/E/G ratio of 2.63 and a beta of 1.42. Williams Partners has a 1-year low of $34.74 and a 1-year high of $44.06.
In related news, insider John D. Seldenrust sold 6,770 shares of the firm’s stock in a transaction that occurred on 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 can be accessed through this hyperlink.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Williams Partners by 2.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,263 shares of the pipeline company’s stock valued at $2,144,000 after purchasing an additional 1,413 shares in the last quarter. FDx Advisors Inc. increased its stake in Williams Partners by 9.1% in the 3rd quarter. FDx Advisors Inc. now owns 17,160 shares of the pipeline company’s stock valued at $668,000 after purchasing an additional 1,427 shares in the last quarter. First Capital Advisors Group LLC. increased its stake in Williams Partners by 9.8% in the 4th quarter. First Capital Advisors Group LLC. now owns 17,786 shares of the pipeline company’s stock valued at $690,000 after purchasing an additional 1,590 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its stake in Williams Partners by 13.3% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 15,186 shares of the pipeline company’s stock valued at $589,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its stake in Williams Partners by 12.6% in the 3rd quarter. Mosaic Family Wealth LLC now owns 17,289 shares of the pipeline company’s stock valued at $672,000 after purchasing an additional 1,936 shares in the last quarter. 22.07% of the stock is owned by hedge funds and other institutional investors.
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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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