Williams Partners LP (WPZ) Receives $44.74 Average Target Price from Analysts
Williams Partners LP (NYSE:WPZ) has received an average rating of “Buy” from the twenty-one analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.74.
WPZ has been the subject of a number of recent analyst reports. TheStreet raised shares of Williams Partners from a “c+” rating to a “b-” rating in a report on Monday, July 23rd. Seaport Global Securities initiated coverage on shares of Williams Partners in a report on Wednesday, April 25th. They set a “buy” rating and a $40.00 price target for the company. Stifel Nicolaus lowered their price target on shares of Williams Partners from $48.00 to $41.00 and set a “buy” rating for the company in a report on Monday, April 23rd. Bank of America reaffirmed a “buy” rating and set a $40.00 price target on shares of Williams Partners in a report on Friday, May 18th. Finally, Barclays raised their price target on shares of Williams Partners from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 25th.
Hedge funds have recently made changes to their positions in the business. Red Cedar Capital LLC acquired a new position in Williams Partners during the 1st quarter worth $100,000. Squar Milner Financial Services LLC bought a new position in shares of Williams Partners in the 2nd quarter worth about $110,000. Lee Financial Co lifted its position in shares of Williams Partners by 1,210.0% in the 1st quarter. Lee Financial Co now owns 3,406 shares of the pipeline company’s stock worth $117,000 after buying an additional 3,146 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Williams Partners in the 1st quarter worth about $124,000. Finally, Cerebellum GP LLC bought a new position in shares of Williams Partners in the 2nd quarter worth about $183,000. 22.32% of the stock is owned by institutional investors.
Williams Partners (NYSE:WPZ) last released its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Williams Partners had a net margin of 8.49% and a return on equity of 5.99%. equities research analysts forecast that Williams Partners will post 1.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 10th. Shareholders of record on Friday, August 3rd were issued a dividend of $0.629 per share. This is a positive change from Williams Partners’s previous quarterly dividend of $0.61. This represents a $2.52 annualized dividend and a yield of 5.31%. The ex-dividend date was Thursday, August 2nd. Williams Partners’s dividend payout ratio (DPR) is currently 152.73%.
About Williams Partners
Williams Partners L.P. operates as an energy infrastructure company. It operates through Northeast G&P, Atlantic-Gulf, and West segments. The Northeast G&P segment engages in natural gas gathering, compression, processing, and NGL fractionation businesses in the Marcellus and Utica shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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