Williams Partners (WPZ) Given a $45.00 Price Target at Stifel Nicolaus
Stifel Nicolaus set a $45.00 price objective on Williams Partners (NYSE:WPZ) in a research report report published on Friday morning. The brokerage currently has a buy rating on the pipeline company’s stock.
A number of other brokerages have also recently commented on WPZ. Wells Fargo & Company reduced their target price on Williams Partners from $49.00 to $45.00 and set an outperform rating for the company in a report on Tuesday, October 10th. Wolfe Research initiated coverage on Williams Partners in a research report on Monday, September 25th. They issued an outperform rating and a $45.00 price target for the company. BidaskClub lowered Williams Partners from a hold rating to a sell rating in a research report on Thursday, September 14th. TheStreet lowered Williams Partners from a b- rating to a c+ rating in a research report on Monday, August 21st. Finally, BMO Capital Markets set a $47.00 price target on Williams Partners and gave the company a buy rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $44.71.
Shares of Williams Partners (WPZ) traded up $0.31 during trading on Friday, hitting $37.01. The company’s stock had a trading volume of 1,377,138 shares, compared to its average volume of 1,064,674. Williams Partners has a fifty-two week low of $33.12 and a fifty-two week high of $42.32. The firm has a market capitalization of $35,739.23, a PE ratio of 24.15, a P/E/G ratio of 2.69 and a beta of 1.44. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were given a $0.60 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.48%. Williams Partners’s dividend payout ratio (DPR) is presently 157.90%.
In other Williams Partners news, Director H Brent Austin acquired 1,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was bought at an average cost of $38.66 per share, for a total transaction of $38,660.00. Following the completion of the transaction, the director now owns 9,958 shares of the company’s stock, valued at approximately $384,976.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alan S. Armstrong acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $35.00 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here.
Institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new position in Williams Partners in the second quarter worth approximately $125,000. Pathstone Family Office LLC purchased a new position in Williams Partners in the second quarter worth approximately $130,000. Balentine LLC grew its position in Williams Partners by 10.6% in the second quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 457 shares during the period. Saratoga Research & Investment Management purchased a new position in Williams Partners in the third quarter worth approximately $188,000. Finally, Penserra Capital Management LLC grew its position in Williams Partners by 8.3% in the second quarter. Penserra Capital Management LLC now owns 4,854 shares of the pipeline company’s stock worth $194,000 after acquiring an additional 374 shares during the period. Institutional investors own 22.46% of the company’s stock.
Williams Partners Company Profile
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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