Wall Street brokerages predict that Williams Partners LP (NYSE:WPZ) will announce sales of $1.93 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Williams Partners’ earnings. The lowest sales estimate is $1.93 billion and the highest is $1.94 billion. Williams Partners posted sales of $1.73 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The company is expected to report its next quarterly earnings report on Monday, August 7th.

On average, analysts expect that Williams Partners will report full year sales of $1.93 billion for the current financial year, with estimates ranging from $7.85 billion to $8.39 billion. For the next financial year, analysts forecast that the company will report sales of $8.35 billion per share, with estimates ranging from $8.08 billion to $8.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Williams Partners.

A number of research analysts have issued reports on WPZ shares. Jefferies Group LLC set a $42.00 target price on shares of Williams Partners and gave the company a “hold” rating in a report on Saturday, June 17th. Citigroup Inc. raised shares of Williams Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $41.00 to $46.00 in a report on Friday, April 7th. TheStreet raised shares of Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $47.00 target price on shares of Williams Partners and gave the company a “buy” rating in a report on Monday, June 5th. Finally, Credit Suisse Group raised shares of Williams Partners from a “neutral” rating to an “outperform” rating and increased their target price for the company from $45.00 to $47.00 in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $42.79.

Williams Partners (WPZ) traded up 0.97% during midday trading on Friday, reaching $37.51. The company had a trading volume of 629,961 shares. The firm’s 50 day moving average is $39.71 and its 200 day moving average is $39.63. The stock has a market capitalization of $35.84 billion, a PE ratio of 37.66 and a beta of 1.45. Williams Partners has a 1-year low of $31.90 and a 1-year high of $42.32.

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A number of hedge funds have recently made changes to their positions in WPZ. Allianz Asset Management AG raised its stake in shares of Williams Partners by 2.9% in the fourth quarter. Allianz Asset Management AG now owns 503,980 shares of the pipeline company’s stock worth $19,166,000 after buying an additional 13,980 shares during the period. First Allied Advisory Services Inc. purchased a new stake in shares of Williams Partners during the fourth quarter worth about $267,000. Renaissance Technologies LLC purchased a new stake in shares of Williams Partners during the fourth quarter worth about $10,094,000. Castleark Management LLC raised its stake in shares of Williams Partners by 24.4% in the fourth quarter. Castleark Management LLC now owns 251,830 shares of the pipeline company’s stock worth $9,577,000 after buying an additional 49,400 shares during the period. Finally, Appaloosa LP raised its stake in shares of Williams Partners by 2.4% in the fourth quarter. Appaloosa LP now owns 9,487,301 shares of the pipeline company’s stock worth $360,802,000 after buying an additional 220,437 shares during the period. Hedge funds and other institutional investors own 23.35% of the company’s stock.

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, and Natural gas liquid (NGL) & Petchem Services segments.

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