Williams Partners LP (NYSE:WPZ) – Equities researchers at Jefferies Group issued their FY2021 EPS estimates for shares of Williams Partners in a research note issued on Tuesday. Jefferies Group analyst C. Sighinolfi forecasts that the brokerage will post earnings per share of $2.42 for the year. Jefferies Group has a “Hold” rating and a $39.00 price target on the stock.

Several other research analysts also recently commented on WPZ. Raymond James Financial, Inc. raised Williams Partners from a “market perform” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday. Wells Fargo & Company raised Williams Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Stifel Nicolaus raised Williams Partners from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $43.00 in a research note on Tuesday. Zacks Investment Research downgraded Williams Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of Williams Partners in a research note on Thursday, December 22nd. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Partners presently has an average rating of “Buy” and an average target price of $38.64.

Earnings History and Estimates for Williams Partners (NYSE:WPZ)

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Williams Partners (NYSE:WPZ) traded up 3.96% during mid-day trading on Wednesday, reaching $40.15. The company had a trading volume of 3,712,166 shares. The company’s market capitalization is $23.93 billion. The firm has a 50-day moving average of $36.56 and a 200 day moving average of $36.41. Williams Partners has a 1-year low of $12.69 and a 1-year high of $40.42.

Williams Partners (NYSE:WPZ) last released its earnings results on Monday, October 31st. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.12. Williams Partners had a positive return on equity of 2.49% and a negative net margin of 18.10%. During the same period in the prior year, the business posted ($0.32) earnings per share.

Several large investors have recently bought and sold shares of the stock. ELCO Management Co. LLC bought a new stake in Williams Partners during the third quarter valued at about $806,000. HighPoint Advisor Group LLC bought a new stake in Williams Partners during the third quarter valued at about $293,000. D.A. Davidson & CO. raised its stake in Williams Partners by 2.0% in the third quarter. D.A. Davidson & CO. now owns 6,622 shares of the company’s stock valued at $246,000 after buying an additional 133 shares during the last quarter. LPL Financial LLC raised its stake in Williams Partners by 112.9% in the third quarter. LPL Financial LLC now owns 44,063 shares of the company’s stock valued at $1,575,000 after buying an additional 23,365 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in Williams Partners by 3.9% in the third quarter. Mosaic Family Wealth LLC now owns 18,766 shares of the company’s stock valued at $698,000 after buying an additional 696 shares during the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Equities Analysts Issue Forecasts for Williams Partners LP’s FY2021 Earnings (WPZ)” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international trademark & copyright legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/01/11/equities-analysts-issue-forecasts-for-williams-partners-lps-fy2021-earnings-wpz.html.

Williams Partners Company Profile

Williams Partners L.P., formerly Access Midstream Partners, L.P, is an energy infrastructure master limited partnership with operations across the natural gas value chain. The Company’s segments include Central, Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services. Its Central segment provides domestic gathering, treating, and compression services to producers under long-term, fixed fee contracts.

5 Day Chart for NYSE:WPZ

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