BMO Capital Markets Reiterates “$47.00” Price Target for Williams Partners LP (WPZ)
Williams Partners LP (NYSE:WPZ) received a $47.00 price objective from BMO Capital Markets in a report issued on Friday. The firm currently has a “buy” rating on the pipeline company’s stock. BMO Capital Markets’ target price indicates a potential upside of 24.54% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price target on shares of Williams Partners in a report on Friday, July 21st. Zacks Investment Research raised shares of Williams Partners from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, July 18th. Jefferies Group LLC raised shares of Williams Partners from a “hold” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $44.00 in a report on Wednesday, July 12th. Finally, BidaskClub raised shares of Williams Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.77.
Williams Partners (WPZ) traded up 0.08% during trading on Friday, reaching $37.74. 560,549 shares of the company traded hands. The firm has a 50-day moving average price of $40.03 and a 200-day moving average price of $40.11. Williams Partners has a 52 week low of $32.93 and a 52 week high of $42.32. The company has a market capitalization of $36.07 billion, a P/E ratio of 22.69 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by $0.09. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. Analysts forecast that Williams Partners will post $0.76 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Center Coast Capital Advisors LP purchased a new stake in shares of Williams Partners during the second quarter worth about $183,318,000. Clearbridge Investments LLC raised its stake in shares of Williams Partners by 85.4% in the first quarter. Clearbridge Investments LLC now owns 5,404,291 shares of the pipeline company’s stock worth $220,657,000 after buying an additional 2,489,110 shares in the last quarter. FMR LLC raised its stake in shares of Williams Partners by 7.6% in the first quarter. FMR LLC now owns 28,381,957 shares of the pipeline company’s stock worth $1,158,835,000 after buying an additional 2,001,870 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Williams Partners by 45.2% in the first quarter. Atlantic Trust Group LLC now owns 5,419,374 shares of the pipeline company’s stock worth $221,273,000 after buying an additional 1,687,346 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in shares of Williams Partners by 9,962.4% in the second quarter. Balyasny Asset Management LLC now owns 1,428,863 shares of the pipeline company’s stock worth $57,312,000 after buying an additional 1,414,663 shares in the last quarter. 23.55% of the stock is owned by hedge funds and other institutional investors.
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 segment.
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