Williams Partners LP (WPZ) PT Set at $47.00 by BMO Capital Markets
Williams Partners LP (NYSE:WPZ) has been given a $47.00 price target by analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the pipeline company’s stock. BMO Capital Markets’ target price suggests a potential upside of 17.79% from the company’s current price.
Several other research analysts also recently weighed in on WPZ. BidaskClub downgraded shares of Williams Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Jefferies Group LLC set a $42.00 price target on shares of Williams Partners and gave the stock a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded shares of Williams Partners from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Barclays PLC upgraded shares of Williams Partners from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $44.00 to $47.00 in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective on shares of Williams Partners in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Williams Partners has an average rating of “Buy” and a consensus price target of $44.93.
Williams Partners (NYSE WPZ) traded up 0.03% during midday trading on Friday, reaching $39.91. The company’s stock had a trading volume of 137,095 shares. The stock’s 50 day moving average price is $39.12 and its 200-day moving average price is $39.77. Williams Partners has a one year low of $32.93 and a one year high of $42.32. The stock has a market cap of $38.15 billion, a price-to-earnings ratio of 24.00 and a beta of 1.40.
Williams Partners (NYSE:WPZ) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.13 billion. On average, analysts forecast that Williams Partners will post $0.76 EPS for the current fiscal year.
In related news, Director H Brent Austin acquired 1,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was purchased at an average price of $38.66 per share, with a total value of $38,660.00. Following the transaction, the director now owns 9,958 shares of the company’s stock, valued at approximately $384,976.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Several large investors have recently bought and sold shares of WPZ. Center Coast Capital Advisors LP purchased a new position in shares of Williams Partners during the 2nd quarter worth approximately $183,318,000. Clearbridge Investments LLC boosted its position in shares of Williams Partners by 85.4% during the 1st quarter. Clearbridge Investments LLC now owns 5,404,291 shares of the pipeline company’s stock worth $220,657,000 after purchasing an additional 2,489,110 shares during the period. Balyasny Asset Management LLC boosted its position in shares of Williams Partners by 9,962.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,428,863 shares of the pipeline company’s stock worth $57,312,000 after purchasing an additional 1,414,663 shares during the period. Bank of Montreal Can boosted its position in shares of Williams Partners by 14.8% during the 2nd quarter. Bank of Montreal Can now owns 5,022,071 shares of the pipeline company’s stock worth $201,435,000 after purchasing an additional 648,309 shares during the period. Finally, Alps Advisors Inc. boosted its position in shares of Williams Partners by 3.6% during the 2nd quarter. Alps Advisors Inc. now owns 18,454,035 shares of the pipeline company’s stock worth $740,191,000 after purchasing an additional 639,747 shares during the period. 22.76% of the stock is owned by hedge funds and other institutional investors.
Williams Partners Company Profile
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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