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Williams Partners L.P. (NYSE:WPZ) was downgraded by Merrill Lynch to a “neutral” rating in a research note issued on Friday, Stock Ratings Network.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of Williams Partners L.P. from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Jefferies Group cut their price target on shares of Williams Partners L.P. from $55.00 to $54.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Williams Partners L.P. from $60.00 to $56.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $51.73.

Shares of Williams Partners L.P. (NYSE:WPZ) traded down 0.79% on Friday, hitting $50.34. The stock had a trading volume of 545,620 shares. Williams Partners L.P. has a 52-week low of $45.37 and a 52-week high of $54.66. The stock’s 50-day moving average is $49.98 and its 200-day moving average is $50.75. The company has a market cap of $22.080 billion and a P/E ratio of 17.99.

Williams Partners L.P. (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.24. During the same quarter in the prior year, the company posted $0.38 earnings per share. Analysts expect that Williams Partners L.P. will post $1.67 EPS for the current fiscal year.

Williams Partners L.P. is a limited partnership formed by The Williams Companies, Inc (NYSE:WPZ).

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