Williams Partners LP (NYSE:WPZ) – Equities research analysts at Jefferies Group issued their FY2021 earnings estimates for Williams Partners in a research report issued on Tuesday. Jefferies Group analyst C. Sighinolfi anticipates that the firm will post earnings per share of $2.42 for the year. Jefferies Group has a “Hold” rating and a $39.00 price target on the stock.

Williams Partners (NYSE:WPZ) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.12. Williams Partners had a positive return on equity of 2.49% and a negative net margin of 18.10%. During the same period in the prior year, the company posted ($0.32) EPS.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Watch List News and is the propert of of Watch List News. If you are reading this story on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this story can be accessed at http://www.watchlistnews.com/williams-partners-lp-expected-to-earn-fy2021-earnings-of-2-42-per-share-wpz/1060665.html.

Earnings History and Estimates for Williams Partners (NYSE:WPZ)

Other research analysts have also recently issued reports about the company. Stephens initiated coverage on Williams Partners in a research report on Thursday, September 29th. They set an “overweight” rating and a $43.00 price objective for the company. Zacks Investment Research raised Williams Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 6th. Stifel Nicolaus upped their price objective on Williams Partners from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Tuesday, November 1st. Citigroup Inc. reaffirmed a “neutral” rating on shares of Williams Partners in a research report on Wednesday, November 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $37.00 price objective on shares of Williams Partners in a research report on Monday, December 5th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.64.

Shares of Williams Partners (NYSE:WPZ) traded up 0.47% on Wednesday, reaching $40.48. The company’s stock had a trading volume of 1,410,206 shares. Williams Partners has a 1-year low of $12.69 and a 1-year high of $40.75. The company’s 50 day moving average is $36.73 and its 200-day moving average is $36.46. The firm’s market cap is $24.12 billion.

Several institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of Williams Partners by 12.6% in the second quarter. FMR LLC now owns 38,029,664 shares of the company’s stock worth $1,317,348,000 after buying an additional 4,269,662 shares during the period. Kayne Anderson Capital Advisors LP raised its position in shares of Williams Partners by 9.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 20,039,299 shares of the company’s stock worth $694,145,000 after buying an additional 1,756,599 shares during the period. Alps Advisors Inc. raised its position in shares of Williams Partners by 2.5% in the third quarter. Alps Advisors Inc. now owns 15,823,537 shares of the company’s stock worth $588,477,000 after buying an additional 390,809 shares during the period. Harvest Fund Advisors LLC raised its position in shares of Williams Partners by 29.3% in the second quarter. Harvest Fund Advisors LLC now owns 8,450,894 shares of the company’s stock worth $292,739,000 after buying an additional 1,913,034 shares during the period. Finally, Advisory Research Inc. raised its position in shares of Williams Partners by 13.8% in the second quarter. Advisory Research Inc. now owns 5,290,123 shares of the company’s stock worth $183,250,000 after buying an additional 640,052 shares during the period. Institutional investors own 35.17% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Watch List News and is the propert of of Watch List News. If you are reading this story on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this story can be accessed at http://www.watchlistnews.com/williams-partners-lp-expected-to-earn-fy2021-earnings-of-2-42-per-share-wpz/1060665.html.

About Williams Partners

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

Receive News & Ratings for Williams Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.