Analysts Set Williams Partners LP (WPZ) PT at $44.85
Williams Partners LP (NYSE:WPZ) has been given an average rating of “Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $44.85.
Several research firms have recently weighed in on WPZ. Jefferies Group LLC restated a “buy” rating and set a $44.00 price objective on shares of Williams Partners in a research report on Monday, October 16th. Zacks Investment Research cut shares of Williams Partners from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub cut shares of Williams Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the stock a “buy” rating in a research report on Friday, August 18th. Finally, TheStreet cut shares of Williams Partners from a “b-” rating to a “c+” rating in a research report on Monday, August 21st.
In other Williams Partners news, CEO Alan S. Armstrong acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $35.00 per share, with a total value of $175,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director H Brent Austin acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the purchase, the director now directly owns 9,958 shares of the company’s stock, valued at $384,976.28. The disclosure for this purchase can be found here.
Large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership bought a new stake in Williams Partners during the second quarter worth about $241,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Williams Partners by 10.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 214,000 shares of the pipeline company’s stock worth $8,584,000 after buying an additional 20,000 shares during the last quarter. Trust Asset Management LLC raised its holdings in Williams Partners by 1.5% in the second quarter. Trust Asset Management LLC now owns 138,461 shares of the pipeline company’s stock worth $5,554,000 after buying an additional 2,062 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Williams Partners by 36.0% in the second quarter. BNP Paribas Arbitrage SA now owns 34,065 shares of the pipeline company’s stock worth $1,366,000 after buying an additional 9,015 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in Williams Partners by 5.4% in the second quarter. BB&T Securities LLC now owns 18,783 shares of the pipeline company’s stock worth $753,000 after buying an additional 961 shares during the last quarter. 22.78% of the stock is currently owned by institutional investors and hedge funds.
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Williams Partners (NYSE:WPZ) traded down $0.39 during trading on Monday, hitting $35.02. 1,364,007 shares of the stock traded hands, compared to its average volume of 1,165,658. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.06. The stock has a market cap of $34,100.00, a PE ratio of 23.15, a P/E/G ratio of 2.58 and a beta of 1.46. Williams Partners has a 12-month low of $33.12 and a 12-month high of $42.32.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.85%. The ex-dividend date was Thursday, November 2nd. Williams Partners’s payout ratio is currently 171.43%.
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.
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