Shares of Williams Partners L.P. (NYSE:WPZ) have received an average recommendation of “Hold” from the seventeen brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $38.60.

Several research firms have recently issued reports on WPZ. Credit Suisse Group AG set a $38.00 price target on Williams Partners L.P. and gave the stock a “hold” rating in a research note on Sunday, August 21st. TheStreet raised Williams Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Evercore Partners Inc. increased their price target on Williams Partners L.P. from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research cut Williams Partners L.P. from a “hold” rating to a “strong sell” rating in a research note on Saturday, June 11th. Finally, US Capital Advisors cut Williams Partners L.P. from an “overweight” rating to a “hold” rating in a research note on Thursday, September 8th.

Shares of Williams Partners L.P. (NYSE:WPZ) opened at 36.60 on Wednesday. The stock’s market cap is $21.56 billion. The company’s 50-day moving average price is $36.97 and its 200-day moving average price is $30.59. Williams Partners L.P. has a 52-week low of $12.69 and a 52-week high of $40.36.

Williams Partners L.P. (NYSE:WPZ) last issued its quarterly earnings data on Monday, August 1st. The company reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.67. Williams Partners L.P. had a positive return on equity of 0.30% and a negative net margin of 25.63%. Analysts expect that Williams Partners L.P. will post $0.76 earnings per share for the current year.

In other news, insider John D. Seldenrust sold 9,023 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $37.67, for a total transaction of $339,896.41. Following the completion of the sale, the insider now directly owns 53,998 shares of the company’s stock, valued at $2,034,104.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its stake in shares of Williams Partners L.P. by 7.5% in the fourth quarter. Stifel Financial Corp now owns 601,510 shares of the company’s stock valued at $17,957,000 after buying an additional 42,002 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Williams Partners L.P. by 12.0% in the first quarter. Chicago Partners Investment Group LLC now owns 110,831 shares of the company’s stock valued at $2,266,000 after buying an additional 11,878 shares in the last quarter. Trust Asset Management LLC increased its stake in shares of Williams Partners L.P. by 81.7% in the first quarter. Trust Asset Management LLC now owns 125,552 shares of the company’s stock valued at $2,568,000 after buying an additional 56,455 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Williams Partners L.P. by 4.5% in the first quarter. IFP Advisors Inc now owns 11,551 shares of the company’s stock valued at $236,000 after buying an additional 500 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Williams Partners L.P. by 6.7% in the first quarter. Bessemer Group Inc. now owns 7,856 shares of the company’s stock valued at $160,000 after buying an additional 491 shares in the last quarter. 36.15% of the stock is owned by institutional investors and hedge funds.

Williams Partners L.P. Company Profile

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

5 Day Chart for NYSE:WPZ

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