Williams Partners LP (WPZ) Cut to “Sell” at BidaskClub
Williams Partners LP (NYSE:WPZ) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.
Several other equities analysts have also recently issued reports on WPZ. TheStreet raised Williams Partners from a “c+” rating to a “b-” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $47.00 price target on Williams Partners and gave the stock a “buy” rating in a report on Monday, June 5th. Jefferies Group LLC set a $42.00 price target on Williams Partners and gave the stock a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research cut Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Barclays PLC raised Williams Partners from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $44.00 to $47.00 in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.77.
Shares of Williams Partners (NYSE WPZ) traded up 0.20% during mid-day trading on Thursday, reaching $39.66. The company’s stock had a trading volume of 52,549 shares. The company’s 50-day moving average is $39.16 and its 200 day moving average is $39.89. Williams Partners has a 1-year low of $32.93 and a 1-year high of $42.32. The firm has a market capitalization of $37.91 billion, a P/E ratio of 23.85 and a beta of 1.43.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, analysts expect that Williams Partners will post $0.76 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Williams Partners in the first quarter valued at approximately $105,000. Captrust Financial Advisors bought a new position in shares of Williams Partners in the second quarter valued at approximately $125,000. Pathstone Family Office LLC bought a new position in shares of Williams Partners in the second quarter valued at approximately $130,000. Penserra Capital Management LLC raised its stake in shares of Williams Partners by 36.0% in the first quarter. Penserra Capital Management LLC now owns 4,480 shares of the pipeline company’s stock valued at $182,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Balentine LLC raised its stake in shares of Williams Partners by 10.6% in the second quarter. Balentine LLC now owns 4,788 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 22.77% 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 segment.
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