Williams Partners (NYSE:WPZ) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a report released on Wednesday, Marketbeat Ratings reports. They presently have a $45.00 price objective on the pipeline company’s stock, down from their prior price objective of $47.00. Barclays’ price objective would indicate a potential upside of 6.28% from the company’s current price.

Other analysts have also issued research reports about the company. Jefferies Group restated a “buy” rating and set a $44.00 price target on shares of Williams Partners in a report on Monday, October 16th. Wolfe Research assumed coverage on Williams Partners in a report on Monday, September 25th. They set an “outperform” rating and a $45.00 price target on the stock. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the company a “buy” rating in a report on Friday, October 13th. Credit Suisse Group assumed coverage on Williams Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, US Capital Advisors upgraded Williams Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Williams Partners has a consensus rating of “Buy” and an average target price of $45.50.

Williams Partners (WPZ) traded down $0.17 during mid-day trading on Wednesday, reaching $42.34. The company’s stock had a trading volume of 894,800 shares, compared to its average volume of 1,444,642. Williams Partners has a 1-year low of $34.74 and a 1-year high of $43.75. 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 company has a market cap of $41,230.00, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.82 and a beta of 1.45.

Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.12). Williams Partners had a return on equity of 5.55% and a net margin of 17.02%. equities analysts predict that Williams Partners will post 1.7 EPS for the current fiscal year.

In other Williams Partners news, insider John D. Seldenrust sold 6,770 shares of the stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Alan S. Armstrong bought 5,000 shares of Williams Partners stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $35.00 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here.

Institutional investors and hedge funds have recently bought and sold shares of the company. Pathstone Family Office LLC bought a new position in shares of Williams Partners during the 2nd quarter worth $130,000. Balentine LLC grew its position in shares of Williams Partners by 10.6% during the 2nd quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after buying an additional 457 shares in the last quarter. Saratoga Research & Investment Management bought a new position in shares of Williams Partners during the 3rd quarter worth $188,000. CAPROCK Group Inc. bought a new position in shares of Williams Partners during the 4th quarter worth $217,000. Finally, Private Advisor Group LLC grew its position in shares of Williams Partners by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 5,565 shares of the pipeline company’s stock worth $223,000 after buying an additional 67 shares in the last quarter. 22.47% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Williams Partners (NYSE:WPZ)

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